AMP Capital launches fund with focus on absolute return
AMP Capital has launched its new Global Equity Fund, which aims to deliver double-digit annualised absolute returns across a market cycle, with lower volatility than equity markets.
Tuesday, April 4th 2017, 7:28PM
The AMP Capital Global Equity Fund is long-only and is the inaugural fund in AMP Capital’s new global equities range.
The fund will focus on absolute risk and return, not benchmarks, and invest in a concentrated portfolio of between 25 and 35 companies with strong current or anticipated cash generation.
The investment time horizon will be long term, leading to low portfolio turnover.
The fund will seek tailwinds of thematic drivers and, where possible, environmental, social and governance tailwinds. Favoured investment themes include changing demographic trends.
David Allen, AMP Capital’s global chief investment officer, equities, said: “We’ve taken a high-conviction approach, investing in a small number of exceptional companies with outstanding prospects, that have dependable and persistent cash-backed returns on capital. As we are not bound to a benchmark, sector or country, these are names that we think are the best stocks globally and will deliver the performance to meet our clients’ goals.”
The investment team is based in London and Sydney, drawing on the strength of the investment professionals in both regions and enabling coverage across time zones.
AMP Capital intends to launch more global equity products in the coming years.
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