AMP Global Multi-Asset Fund

In their own words: "This is a diversified fund that aims to generate a positive return above inflation and actively respond to market conditions with a flexible approach to investing. Assets are managed using a multi-manager approach that provides diversity across asset classes, sectors, geographies and investment managers, and enables change in investment allocations due to market conditions. Risk mitigation strategies are designed to lower return volatility and reduce the impact of market related events."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *0.79%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.62%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND609
Name AMP Global Multi-Asset Fund
Risk profile Balanced fund
Description This is a diversified fund that aims to generate a positive return above inflation and actively respond to market conditions with a flexible approach to investing. Assets are managed using a multi-manager approach that provides diversity across asset classes, sectors, geographies and investment managers, and enables change in investment allocations due to market conditions. Risk mitigation strategies are designed to lower return volatility and reduce the impact of market related events.
Value $14M NZD
Members 414
Market index description No index
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Thu July 28th 2016
Three-year average return *0.79%
Market index past year return %
Past year return net charges and tax 0.58%
Past year return net of charges gross of tax 1.86%
Market index return since fund started %
Return since fund started net 2.96%
Total annual fund fees 1.62%
Total performance based fees 0.0%
Manager's basic fee 1.42%
Administration charges 0.2%
Total other charges 23.4
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 5.68% -0.63%
2018 5.63% 2.2%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Schroder Real Return Fund
    Australia Other N/A
    48.1%
  • Ishares Tips Bond ETF
    United States Int Fixed Interest N/A
    5.79%
  • Vinva Australian Equitised Long-Short Fund
    Australia Australasian Equities N/A
    3.89%
  • Prisma Spectrum Fund Ltd
    Cayman Islands Other N/A
    3.09%
  • Aqr Style Premia Trust
    Australia Other N/A
    2.6%
  • Ardea Australian Inflation Linked Bond Fund
    Australia Int Fixed Interest N/A
    2.48%
  • Vinva Asia Pacific Equity Long-Short Fund
    Australia International Equities N/A
    2.32%
  • Orbis Global Equity Le Fund
    Australia International Equities N/A
    2.26%
  • Aqr Delta Offshore Fund
    Cayman Islands International Equities N/A
    2.18%
  • Ausbil Esg Focus Fund
    Australia Australasian Equities N/A
    2.14%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 18.37%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 34.26%
Australasian Equities 0.0% 9.88%
International Equities 0.0% 23.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 95.0% 14.49%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 3 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (0 years, 9 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 6 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 6 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 6 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.28%
  • Animal Testing:
    0.90%
  • Fossil Fuels:
    1.71%
  • Gambling:
    0.10%
  • GMOs:
    0.07%
  • Human Rights & Environmental Violations:
    0.58%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.23%
  • Weapons:
    0.23%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Enbridge Inc 0.24%
Kinder Morgan Inc/De 0.16%
Gibson Energy Inc 0.12%
Semgroup Corp 0.08%
Plains Gp Holdings Lp 0.07%
Pembina Pipeline Corp 0.05%
Koninklijke Vopak Nv 0.03%
Apa Group 0.02%
Cheniere Energy Inc 0.01%
Reliance Industries Ltd 0.01%
Vanguard Total World Stock ETF 0.32%
Vanguard Short-Term Corporate Bond ETF 0.25%
Vaneck Vectors Australian Corp Bd+ ETF 0.03%
Apache 0.03%
Total 0.03%
Inpex 0.03%
Reliance Industries Limited 0.02%

Weapons

Vanguard Total World Stock ETF 0.12%
Vanguard Short-Term Corporate Bond ETF 0.05%
Mitsubishi 0.05%

Tobacco

Vanguard Total World Stock ETF 0.04%
Vanguard Short-Term Corporate Bond ETF 0.03%
British American Tobacco 0.10%
Imperial Brands 0.05%

Gambling

Vanguard Total World Stock ETF 0.01%
Aristocrat Leisure 0.07%

Alcohol

Vanguard Total World Stock ETF 0.07%
Vanguard Short-Term Corporate Bond ETF 0.04%
Vanguard Australian Fixed Interest 0.01%
Vaneck Vectors Australian Corp Bd+ ETF 0.11%

Palm Oil

GMOs

Vanguard Total World Stock ETF 0.05%
Vanguard Short-Term Corporate Bond ETF 0.02%

Human Rights & Environmental Violations

Sempra Energy 0.18%
Vanguard Total World Stock ETF 0.20%
Vanguard Short-Term Corporate Bond ETF 0.07%
Vale 0.05%

Animal Testing

Vanguard Total World Stock ETF 0.434%
Vanguard Short-Term Corporate Bond ETF 0.198%
British American Tobacco 0.102%
Imperial Brands 0.052%
Mitsubishi 0.048%
Reckitt Benckiser Group 0.038%

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.