AMP Capital extends offering
AMP Capital has moved to make its Luxembourg-based UCITS platform Global Listed Infrastructure Fund and Global Real Estate Securities Fund available to institutional investors in Asia.
The company announced the move this week saying launch of the UCITS-compliant funds to Asian investors was part of AMP Capital’s long-term strategy to continue to grow its business in the region.
As well, it said it followed other significant developments over the past 12 months such as the joint venture with China Life.
AMP Capital chief executive International and Head of Global Clients, Anthony Fasso said the announcement marked the continued evolution of AMP Capital’s UCITS platform, which was launched in April with US$156 million in assets under management and targeting investors in the UK, the Netherlands and Luxembourg seeking pooled fund-access to AMP Capital’s global listed infrastructure and real estate capabilities.
“The extension of our UCITS platform to investors in Asia represents a milestone in AMP Capital’s development in the region,” he said. “UCITS is the most common investment vehicle in Asia and in particular we see significant investor demand in Hong Kong and Singapore.”
AUTHOR
Mike Taylor
Recommended for you
High-net-worth clients with between $5-10 million are found to have the greatest unmet advice needs, according to LGT Crestone, with inheritance planning viewed as the most-sought after help.
The advice industry is in an “arms race” according to minister for financial services, Daniel Mulino, around the use of technology in superannuation switching scams such as Shield Master Fund.
Advisers are now serving more ongoing clients, according to a CFS report, but efficiency limitations continue to hinder the 82 per cent looking to serve more.
The FAAA is hopeful the education and experience pathway deadline will be the “last big thing” that could cause an adviser exodus but concern now turns to advisers moving to the wholesale space.
