AMP Capital’s Dynamic Markets Fund has secured $1 billion in funds under management, less than five years after it was established.
Under its original institutional mandate, the fund had raised $400 million in the three and a half years to March 2014, when it was opened to retail investors who have added $600 million since then.
AMP Capital head of dynamic asset allocation, Nader Naeimi, said the fund’s dynamic and flexible approach to asset allocation had helped it negotiate the ups and downs of the market cycle.
“Essentially, it aims to buy into under-priced, unloved opportunities and sell out of overpriced, over-loved situations,” Naeimi said.
“This provides particular comfort to investors who may be concerned about market volatility and seek smoother returns over the long-term.
“The aim isn’t to buy good assets and sell bad assets, but to buy assets well and sell assets well.”
AMP Capital head of investment strategy and chief economist, Shane Oliver, said the fund was developed to give investors as alternative to traditional funds.
“We established the fund because clients told us they were looking for new and different ways of investing more in line with meeting their investment goals,” he said.
