In July we started implementing the change in investment manager for most of the AMP-branded funds within our Managed Investment Schemes. This includes the AMP New Zealand Retirement Trust.
We recognise that some investors may have a different philosophy towards investing. Accordingly we will continue to offer an array of funds offered by third party managers.
For more details on these changes, including which funds are changing and how, head to amp.co.nz/transforming-amp.
We have taken on an ambitious goal to make sustainable investment decisions that aim to help the planet, deliver healthy returns while providing our clients with further value for money and create a better future for generations to come.
We believe that investing sustainably using index management is key to long-term returns.
Sustainable investing is at our core. We believe the future is about putting money into good. This means saying no to the manufacture of civilian firearms or controversial weapons. No to oil & gas drilling, thermal coal mining, and companies producing tobacco or palm oil, or companies processing whale meat. To see further details on our approach to Sustainable investing, go to : https://www.amp.co.nz/si.
To deliver the transformation, we are bringing the 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*. Over the course of several weeks, BlackRock’s specialist transition management team will reshape the current portfolios into our new Investment Philosophy, whilst ensuring the funds are fully invested through the transition period.
BlackRock is the largest asset fund manager in the world by assets under management. We’ll be able to draw on BlackRock’s expertise and global insights with the aim to deliver better performance and returns.
*AMP-branded funds refers to funds with the prefix ‘AMP’ excluding the NZRT AMP Balanced Fund No. 3 which we intend to transfer to this arrangement at a later date, subject to further approvals. These funds will be managed by AMP with support from BlackRock. Funds with the prefix ‘AMP Capital’ and (pending transition) the AMP Balanced Fund No. 3 will continue to be managed by AMP Capital.