AMP Capital ETF venture targets SMSFs

AMP Capital has entered into a partnership with exchange-traded fund issuer BetaShares and in the coming months will launch an initial three exchange-traded managed funds suitable for SMSF trustees and self-directed investors.

Under the alliance, the AMP Capital Dynamic Markets Fund, Global Property Securities Fund and Global Infrastructure Securities Fund will be listed on the Australian Securities Exchange (ASX).

The exchange-traded managed funds will replicate the investment strategies of existing AMP Capital funds of the same name and will be actively managed by the group’s dedicated investment teams.

Commenting on whether there was scope for more of the group’s fund investment strategies to be replicated or if future ETFs in the range would be designed from scratch, an AMP Capital spokesperson told selfmanagedsuper: “The initial products are the first in a range of products that will be launched under this alliance.

“While there will be more launches in 2016, we cannot comment on the details of future products at this stage.

“We’re fully committed to the alliance with BetaShares and very pleased to have them as our partner.”

AMP Capital Australia and New Zealand director Craig Keary said he wanted to make it as easy as possible for investors, new and existing, to access the group’s renowned active investment capabilities.

“They have told us they want unique investment opportunities and they also want choice when it comes to access,” Keary said last week.

“Investors will be able to choose to invest via a traditional managed fund on platform, through the ASX mFund service and now via an exchange-traded managed fund in alliance with BetaShares.”

BetaShares managing director Alex Vynokur said the alliance was a natural step in the evolution of the Australian market for exchange-traded products, bringing together the expertise of the two groups to deliver a new set of investment solutions to clients.

“Our research indicates a significant opportunity for active exchange-traded managed funds in Australia,” Vynokur noted.

“The recently released “BetaShares/Investment Trends ETF Report” found that 61 per cent of financial planners are interested in using these funds as part of their investment process.

“We look forward to working with AMP Capital to launch the first of a range of products in the coming months.”

As at 31 December 2015, AMP Capital had $160 billion in funds under management.

BetaShares currently has about $2.6 billion in assets under management.

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