AMP eyes Asian institutions with new UCITS funds

13 June 2014   Category: News, Asia, Australia, Global   By Daniel Shane

AMP Capital, the investment manager with AUM of A$142 billion (US$133.14 billion), has made available UCITS versions of its Global Listed Infrastructure Fund and Global Real Estate Securities Fund to institutional investors in Asia.

The Luxembourg-domiciled UCITS funds provide investors with exposure to a global portfolio of securities that are diversified across sectors and regions, AMP said.

The real estate fund had US$5.9 billion in AUM as of March 31 and a 12-year track record, while the infrastructure fund’s AUM was US$897 million with a three-year track record. Both funds employ investment professionals in locations including Hong Kong, London, Chicago and Sydney.

“The extension of our UCITS platform to investors in Asia represents a milestone in AMP Capital’s development in the region. UCITS is the most common investment vehicle in Asia and in particular we see significant investor demand in Hong Kong and Singapore,” commented AMP Capital chief executive officer, international, and head of global clients, Anthony Fasso.

“Since the post-Lehman shock, Asian investors have been interested in strategies that provide sustainable income and capital growth, which both real estate and infrastructure can provide.”

The launch of the UCITS fund in Asia is the latest pillar in Sydney-based AMP Capital’s growth strategy for the region. The firm’s joint venture with China Life in January this year announced its first fund, the China Life AMP Money Market Fund, which raised US$2 billion during its IPO period.