POWERED BY MOMENTUM MEDIA
AMP NZWM moves to passive structure
AMP’s New Zealand Wealth Management (NZWM) has announced it will move towards predominantly index-based investment approach through providing a simpler and more cost-effective investment structure with the aim of improving performance for clients.
BlackRock Investment Management would be appointed to deliver NZWM’s new passive investment structure with funds expected to transition by end of 1H 2021.
NZWM and AMP Capital would work together to ensure a seamless transition for clients and that business impacts were minimised, it said.
“The change in investment approach responds to broader and long-term trends in expectations from clients, regulators and governments for KiwiSaver schemes,” NZWM said.
It noted that AMP Capital New Zealand would continue to provide active investment management options on NZWM’s WealthView platform, along with investment solutions for external clients across real estate, infrastructure, fixed income, and global equities.
Recommended for you
New research has revealed a significant growth differential and rankings move between industry funds and government-related funds.
According to Anthony Scaramucci, Donald Trump’s unfavourable view of NATO poses significant challenges for capital managers.
Roundtables attended by 12 super CEOs, jointly hosted by ASIC and APRA, have shed light on key areas of discussion within the industry.
Allocations to credit, hedge funds, and equities contributed to a strong performance in the 2024 financial year, according to the sovereign wealth fund.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ardea Diversified Bond F (CLOSED)
148.81 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
66.48 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
31.88 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
28.07 3 y p.a(%)
5
CFS Acadian Wholesale Global Equity Long Short A
26.35 3 y p.a(%)
