Our investment approach, how we make a positive difference, and ways we provide more choice and help for you.
We always aim to help our clients achieve their financial goals, which is why we’ve recently made some changes and will be appointing global leading investment manager BlackRock Investment Management as our key index investment manager.
While the change applies to all AMP investment products, this is one of the biggest changes to our AMP KiwiSaver Scheme since KiwiSaver started in 2007, and we’re excited about all the extra potential benefits for our clients as we help them reach their financial goals.
BlackRock is the largest asset manager in the world by assets under management. We’ll be able to draw on BlackRock’s expertise and global insights with the aim to deliver better performance and returns.
Through BlackRock we will invest mainly using an index tracking style, to target improved outcomes for our clients. Index investing attempts to generate returns similar to selected markets, which are represented by ‘indexes’. For example, the NZX50, the Dow Jones Industrial Index and the S&P500 are examples of indexes that you may have heard of.
As part of the changes we’ll look to reprice our AMP KiwiSaver Scheme funds and we expect some of our fees to decrease. We will provide more details around fee changes before we complete the transition to BlackRock, which is expected to happen before the middle of 2021.
As with our current investment management approach, we will not invest AMP-named funds in companies that are involved in the manufacture of cluster munitions, anti-personnel mines, chemical weapons, nuclear explosive devices, civilian firearm stocks or tobacco.
In some instances, it is illegal to hold investments in these types of companies. In other instances, we have excluded certain investments because they do not align with the beliefs of the majority of our clients.
The changes we’re making aim to focus even more on helping to reduce the impacts of climate change through our investment decisions.
This approach reflects the views of an increasing number of New Zealanders who want to balance investment returns with doing the right thing for our environment and future generations.
AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme, the AMP Investment Trust (AIT) and the New Zealand Retirement Trust (NZRT) and other AMP managed investment schemes. The Supervisor of the AMP KiwiSaver Scheme, AIT and NZRT and other AMP managed investment schemes is The New Zealand Guardian Trust Company Limited. For a copy of the AMP KiwiSaver Scheme or NZRT Product Disclosure Statement and/or Fund Update Booklet, and the AIT Product Disclosure Statement, please visit amp.co.nz or contact Customer Services on 0800 267 005.
The information included in this document is of a general nature and is not a substitute for financial or other professional advice. To the extent that the information constitutes advice, it is class advice only. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances.
A copy of your Adviser’s disclosure statement is available on request and free of charge.