AMP corporate bond surpasses $1bn
AMP Capital announced its corporate bond fund has crossed $A1 billion in funds under management four years after becoming available to retail investors.
The fund is ‘true-to-label', and invests mostly in investment-grade companies, with only 10 per cent allowed in high yield, across various industries.
AMP Capital head of retail and corporate business Craig Keary said the firm launched the retail version of the fund in 2009 in order to offer a lower risk path to investing in companies that gave them yield.
"We have also added the Corporate Bond Fund to our self-managed super fund series, which was launched this year to meet the needs of the growing DIY super sector," he said.
Co-portfolio manager Jeff Brunton said since their clients are not looking to beat a benchmark, but rather get a regular income, that will be their focus.
Recommended for you
Forager Funds Management has shared its rationale behind delisting its Australian Shares Fund from the ASX in favour of structuring it as an open-ended unit trust.
Michael Lovett, who left the investment giant just three months after launching its Vanguard Super offering, has taken up a CEO role at an Australian asset manager.
As fund managers look to enhance efficiencies and reduce operating expenses amid active underperformance, former abrdn managing director Brett Jollie shares how to successfully do so.
Preqin, an alternative assets data provider, has developed a range of ESG fund performance benchmarks to provide advisers with greater transparency of the alternatives space.
