NZ investors back AMP infrastructure funds
AMP Capital has announced that its two infrastructure funds, the AMP Capital Diversified Infrastructure Trust (ADIT) and AMP Capital Core Infrastructure Fund (CIF) have attracted their first New Zealand investors.
According to AMP Capital, the funds appealed to New Zealand Investors due to their low volatility combined with long-term stable returns and strong track record.
ADIT, which was established in 1995, invests in a portfolio of core infrastructure funds across assets in Australia and New Zealand with the primarily targets being mature unlisted assets with diversified exposure to transport links, transport nodes, energy, utilities and social infrastructure.
It has currently approximately 25 institutional investors with fund under management (FUM) around $1.3 billion.
At the same time, CIF provides smaller investors access to both listed and unlisted global infrastructure assets which were typically available to only large institutional investors. The assets offer exposure to multiple sectors, OECD regions and included airports, transport infrastructure, water, gas and electricity.
Since its inception in 2007, CIF’s funds under management (FUM) reached $540 million and included investors from Australia, Asia and New Zealand.
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