AMP Capital expands retail offering
The AMP Capital Dynamic Markets Fund, Australian Equity Income Fund, and Income Generator have been made available to retail investors for the first time, seeking to address a gap in the market for products that are aligned to retail investor needs.
The first two funds have previously only been available to institutional investors, while Income Generator has until now only been accessible via platforms.
AMP Capital said the funds are targeted at investors who are concerned about market volatility and want a more consistent income stream that can grow over time to mitigate against increases in the cost of living.
AMP Capital head of retail and corporate business, Craig Keary, said these funds provide options for investors who are self-directed and have income goals that are not being met by cash products.
“These investors have goals, such as steady income or capital growth, that are often linked to the lifestyle they want to lead, and subsequently they want products that can provide them with more certain investment outcomes,” Keary said.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
