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
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
