AMP Capital Investors is opening up four institutional managed funds to retail investors, in both on-and-off-platform versions. The funds will be offered via a new distribution channel, called AMP Capital Private Clients.
Giles Craig, head of private clients at AMP Capital Investors, said offering the funds off-platform was aimed at attracting investors who wanted to make their own investment decisions, with self-managed super funds a key target. Craig said financial planners who have moved to fee for service, rather than commission based fees were also looking for off-platform investments. The funds on offer are the Core Property Fund, the AMP Capital Enhanced Yield Fund, the AMP Capital Global Property Securities Fund. The AMP Capital Australian Small Companies Fund will be opened to retail investors in June. A minimum investment of $30,000 is required. Craig said AMP Capital intended to offer all of its new retail products in both direct and platform versions.
16 May 2006 00:00
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