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How we manage investment

Our investment approach, how we make a positive difference, and ways we provide more choice and help for you.

Transforming our investment offer and making it even stronger.

 

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.

 

Global expertise to help our clients


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. 


Our investment approach


Through BlackRock we will invest mainly using an index tracking style, also known as “passive” investing, to target better outcomes for our clients. Passive investing seeks to replicate a specific benchmark or index to match its performance. 

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. 


Making a positive difference for our planet


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.


We’re here to help


You can read more about our partnership with BlackRock in our media release.
For more information, please contact us or speak with your Adviser.

FAQs

Why is this change happening?
Together with current investment manager AMP Capital Investors New Zealand we have delivered good outcomes for our clients. However, this change to a predominantly index investment management approach is the right decision to ensure we are best placed to deliver long run returns, further value for money and continue to support the financial wellbeing of our clients. The change also enables us to have more flexibility to support key environmental and social areas to create positive change.

Who is BlackRock?
BlackRock are the largest asset manager in the world by AUM (Assets Under Management). You can find out more about BlackRock here.

What AMP products will be impacted by the change?
All AMP managed investment products:
 - AMP KiwiSaver Scheme
 - New Zealand Retirement Trust
 - AMP Investment Trust
 - Superannuation Master Trust
 - Personal Superannuation Scheme
 - Savings and Investment Portfolio
 - Personal Managed Fund
 - Future Lifestyle Plan

What changes can I expect to the fees I currently pay?
As part of the changes we’re making, we will look to reprice many of our AMP KiwiSaver Scheme funds. While we don’t know exactly what that looks like just yet, we expect that some of our fees will decrease as a result. Have another question about this change? Contact us and we’ll be happy to help.

Important information

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.