Below shows you estimated fees and the returns since AMP Managed Funds inception. Read more information about fees and how they can apply to an investor.
Managed funds are an investment option to help you save. In a managed fund, your money is pooled with other investors’ money to create greater buying power, giving you access to investment opportunities you may not have as an individual investor.
Unlike a term deposit, a managed fund doesn’t provide a fixed rate of return over a period. This means your return can vary from year to year, and there’s also the risk you could receive less back than what you originally invested.
Find out more about how to invest in managed funds.
There’s an estimated annual fund fee of 0.79% or 0.80%, depending on the fund selected. The fee is expressed as a percentage of the net asset value and has two parts: a fixed management fee (0.74%), and costs and expenses (estimated at 0.05% or 0.06%, depending on the fund selected).
Example: Sam invests $1,000 in the AMP Growth Managed Fund at the start of the year and remains an investor at the end of the year. If her balance stays the same, estimated annual fund charges for the year will be about $8 (0.80% of $1,000) for the year. These fees might be more or less if her account balance increased or decreased over the year.
Find out more information about AMP Managed Funds fees and how they are applied.
When you invest in AMP Managed Funds, your Prescribed Investor Rate (PIR) is used to calculate the tax you will pay on your investment. The current tax rates are 10.5%, 17.5% and 28%. This rate is determined on your income. Use our guide to determine your PIR.
All investments have some degree of risk. This includes the level of uncertainty and the potential losses associated with an investment decision. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at sorted.org.nz.
Learn more about market volatility and what factors can affect markets.
People aged 18 and over and who are either a New Zealand citizen or live (or normally live) in New Zealand are eligible to open an AMP Managed Funds account.
We currently only offer AMP Managed Funds to individual investors, meaning you cannot open an account with your partner, child or family trust.
It's easy to make withdrawals from your AMP Managed Funds account. Select the "Withdraw" button in MyAMP app. You can select any amount you wish to withdraw from the relevant fund. After verifying your ownership of the bank account, we will pay the money to that bank account.
There is no set minimum balance so you can withdraw any amount and as often as you like from your AMP Managed Funds account. There are currently no withdrawal fees.
Yes, you can change your funds within AMP Managed Funds. To do this you can make a change request through the “change funds” feature in MyAMP Online.
A switch is treated as a withdrawal of units from one fund and an application for new units in another fund. When a change request is submitted, we will withdraw the units you hold from one fund and buy the units from the new fund for your requested amount .
To see the estimated fees and the returns since AMP Managed Funds inception, click here.
Your investment fund balance =
Your Contributions +/- returns - fees +/- taxes - withdrawals
Investment returns and unit prices can be viewed on our website.
View terms and conditions for AMP Managed Funds.
When thinking about how to choose what fund to invest in, a good place to start is to think about what you want to achieve and by when. Having investment goals provide the short-term motivation needed to achieve our long-term objectives. Find out more about why it's important to have investment goals.
- be an individual investor and be at least 18 years old, and
- are either a NZ citizen or live in (or normally live in) New Zealand.
* The 0.80% fee is the estimated total annual fund charge for the AMP Growth Managed Fund and the AMP Balanced Managed Fund. The estimated total annual fund charge for the AMP Conservative Managed Fund is 0.79% per year. The estimated total annual fund charges noted above are expressed as a percentage of the net asset value. They comprise a fixed management fee (0.74%) and the estimated costs and expenses charged by the underlying funds. Please consult the Product Disclosure Statement and the Fees and Other Charges document for the relevant product for full details about applicable fees.