AMP Capital has launched Luxembourg-domiciled Undertakings for Collective Investment in Transferable Securities (UCITS) versions for its global listed infrastructure fund and global real estate securities fund to UK and European institutional investors.
The platform was launched with US$156 million in assets under management, which will be split equally between the two strategies.
AMP Capital CEO International and head of global clients Anthony Fasso said the launch would bring the two strategies to a broader investment audience in response to investor demand for pooled fund exposure.
“The establishment of a UCITS platform is a key step in our continued commitment to further develop AMP Capital’s offering in Europe, given UCITS is the dominant investment structure in this region,” he said.
The funds will be available to investors in the UK, the Netherlands and Luxembourg initially, and it is intended they will expand into other areas across Europe and Asia.
The UCITS-compliant funds will have the same investment approach and strategy as existing listed infrastructure and real estate funds. They both provide access to a global portfolio of securities that are diversified across regions and sectors.
The infrastructure fund, which has US$897 million in funds under management, focuses on energy, transportation, communication and water infrastructure.
The real estate fund gives access to a global portfolio of real estate investment trusts and listed property securities, and focuses on Europe, the Americas and Asia-Pacific. It has US$5.9 billion in funds under management.
UCITS product structures make up 71 per cent of the total European funds management industry, according to the European Fund and Asset Management Association.
