Source: AMP
AMP are always looking at ways they can improve to help customers achieve great investment outcomes.
The transformation of the investment strategy aims to deliver stronger fund performance, make sustainable investment decisions that aim to help the planet, provide clients with further value for money and create a better future for generations to come.
Sustainable investing at the core
AMP’s sustainable investing goal is about considering the impact their investments have on society and the world around us.
This means AMP will look at how seriously companies take their environmental, social and governance (ESG) responsibilities and factor this into their investment decision making.
It also means saying no to investing in landmines, nuclear weapons, companies producing civilian firearms or making ammunition, oil and gas drilling, coal mining, companies producing tobacco or palm oil, and companies that process whale meat. AMP will also exclude all companies that violate the UN Global Compact principles, as determined by the UN.
Read the AMP Sustainable Investment Philosophy for more.
Managing value and performance through index investing
AMP are moving from an active investment management approach and adopting an index tracking approach across AMP-branded funds. AMP see index investing as the most efficient way to deliver value and performance.
Index Investing is a long-term strategy. It’s about replicating market performance by constructing a well-diversified portfolio and holding it over a long time period. By spreading risk broadly and minimising buying and selling AMP aim to keep investment costs down and maximise value for clients.
AMP recognise that some investors may have a different philosophy towards investing. Accordingly, they will continue to offer an array of funds offered by third party managers which are available for some products – check the disclosure documents for details.
AMP are committed to delivering value. There will be no increases to management or administration fees as part of the transformation, and some AMP KiwiSaver Scheme fees have reduced. To see the range of KiwiSaver funds and fees click here.
Global expertise to help customers
To deliver the transformation AMP are bringing responsibility for the management of AMP-branded funds into AMP as well as partnering with BlackRock, a global leader in investing. This means AMP (with support from BlackRock) will be replacing AMP Capital as the investment manager for the AMP-branded funds.
BlackRock is the largest asset manager in the world by assets under management. AMP will be able to draw on BlackRock’s expertise and global insights with the aim to deliver better performance and returns.
For further information please visit the AMP website or contact us.