AMP Capital joins with BetaShares on ETF products
AMP Capital has formed an alliance with BetaShares to launch a range of exchange traded managed funds aimed at the self-managed superannuation funds (SMSF) market.
The arrangement was announced by the two companies, which said they would be launching the the first three exchange traded managed funds on the Australian Securities Exchange (ASX) in coming months with the the AMP Capital Dynamic Markets Fund, the AMP Capital Global Property Securities Fund and the AMP Capital Global Infrastructure Securities Fund.
Confirming the arrangement, AMP Capital Director, Australia and New Zealand, Craig Keary, said the firm saw the alliance with BetaShares as a combination of AMP Capital's excellence in active investment management and the innovation that BetaShares has brought to the exchange traded fund market.
BetaShares managing director, Alex Vynokur, said he believed the alliance was "the natural step in the evolution of the Australian market for exchange traded products, bringing together the expertise of the two groups to deliver a new set of investment solutions to our clients".
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
