AMP Capital’s Multi-Asset Fund has won its first mandate from South Pacific based Tuvalu Trust Fund for $55 million.
Launched last year as a response to market volatility, the fund provides exposure to a combination of traditional and alternative assets and strategies in order to balance returns with the flexibility to respond to market movements, according to Matthew Hopkins, AMP Capital senior portfolio manager.
Hopkins said the mandate reflected a changing investment environment and acknowledged the fund’s ability to provide strong returns and mitigate risk more efficiently than traditional approaches.
"AMP Capital’s Multi-Asset Fund is a new approach to balanced, long-term investing, and was developed in response to ongoing volatile investment markets. The fund is designed to generate strong real returns for investors, with an emphasis on protecting capital," Hopkins said.
He said the fund was structured to maintain effective diversification across asset classes, sectors and geographies, and flexibility to rebalance the portfolio in response to market conditions. The Multi-Asset Fund targets a return of CPI +5.5 per cent over rolling five year periods.
The Tuvalu Trust Fund (established in 1987) aims to assist the Tuvalu Government in achieving greater autonomy and improving the country’s budget. AMP’s Multi-Asset Fund is a part of AMP Capital’s Multi-Asset Group, currently managing more than $53 billion.
