AMP’s New Zealand Wealth Management (NZWM) has announced it will move towards predominantly index-based investment approach through providing a simpler and more cost-effective investment structure with the aim of improving performance for clients.
BlackRock Investment Management would be appointed to deliver NZWM’s new passive investment structure with funds expected to transition by end of 1H 2021.
NZWM and AMP Capital would work together to ensure a seamless transition for clients and that business impacts were minimised, it said.
“The change in investment approach responds to broader and long-term trends in expectations from clients, regulators and governments for KiwiSaver schemes,” NZWM said.
It noted that AMP Capital New Zealand would continue to provide active investment management options on NZWM’s WealthView platform, along with investment solutions for external clients across real estate, infrastructure, fixed income, and global equities.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
Add new comment