Transforming AMP


Our investment approach and how we make a positive difference.

Making sustainable investment decisions that aim to help the planet, provide you with further value for money and create a better future for generations to come.

Transforming our investment offer and making it even stronger


We’re always looking at ways we can improve to help our customers achieve great investment outcomes. That’s something we are focused on every day.

The transformation of our investment strategy aims to deliver stronger fund performance, make sustainable investment decisions that aim to help the planet, provide you with further value for money and create a better future for generations to come.

Sustainable investing at our core


Our sustainable investing goal is about considering the impact our investments have on society and the world around us. 

This means we will look at how seriously companies take their environmental, social and governance (ESG) responsibilities and factor this into our investment decision making.

It also means saying no to investing in landmines, nuclear weapons, companies producing civilian firearms or making ammunition, oil and gas drilling, coal mining, companies producing tobacco or palm oil, and companies that process whale meat. We will also exclude all companies that violate the UN Global Compact principles, as determined by the UN.

Read the AMP Sustainable Investment Philosophy for more.

Managing value and performance through index investing

We’re moving from an active investment management approach and adopting an index tracking approach across our AMP-branded funds. We see index investing as the most efficient way to deliver value and performance.

Index Investing is a long-term strategy. It’s about replicating market performance by constructing a well-diversified portfolio and holding it over a long time period. By spreading risk broadly and minimising buying and selling we aim to keep investment costs down and maximise value for our clients.

AMP-branded funds1 use a composite benchmark to compare their performance to. A composite benchmark is used when funds invest into a variety of different asset classes, such as fixed interest, shares and property. It combines a portion of each asset classes' index return, based on how much each asset class makes up of the whole fund, to get the total benchmark return. Read our market index description  for more details.

We recognise that some investors may have a different philosophy towards investing. Accordingly, we will continue to offer an array of funds offered by third party managers which are available for some products – check your disclosure documents for details.

We’re committed to delivering value. There will be no increases to management or administration fees as part of the transformation, and we expect some AMP KiwiSaver Scheme fees to reduce.  To see our range of KiwiSaver funds and fees click here.

Global expertise to help our customers

To deliver the transformation we are bringing responsibility for the management of AMP-branded funds¹ into AMP as well as partnering with BlackRock, a global leader in investing. This means AMP (with support from BlackRock) will be replacing AMP Capital as the investment manager for the AMP-branded funds¹.

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.

¹ AMP-branded  funds refers to funds with the prefix ‘AMP’ (except for the AMP Balanced Fund No. 3). These funds will be managed by AMP with support from BlackRock. The AMP Balanced Fund No. 3 will have no immediate change to its underlying investment mix, but it is proposed that, subject to approval by the AMP Investment Committee, the underlying assets of the AMP Balanced Fund No. 3 will transition to be managed by AMP with support from BlackRock Investment Management in the coming weeks. Funds with the prefix ‘AMP Capital’ will continue to be managed by AMP Capital. Refer to the product tables to see which funds are adopting AMP’s sustainable investment approach.

What changes will you see?

The transformation of our investment offer took effect from July 12, 2021, with further changes taking effect from December 1, 2021.

To help you understand how this might impact you, we have summarised the key changes below at a fund level, organised by product. For full details, refer to the relevant disclosure document.

We’re here to help – if you have any questions get in touch with us here.


AMP KiwiSaver Scheme

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach³
AMP Default Fund
AMP Default Fund
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Index
AMP Conservative Fund
AMP Conservative Fund
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Index
AMP Moderate Fund
AMP Moderate Fund
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Index
AMP Moderate Balanced Fund
AMP Moderate Balanced Fund
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Index
AMP Balanced Fund
AMP Balanced Fund
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Index
AMP Growth Fund
AMP Growth Fund
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Index
AMP Aggressive Fund
AMP Aggressive Fund
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Index
AMP Ethical Balanced Fund
AMP Balanced Fund No. 2
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Index
AMP Cash Fund
AMP Cash Fund
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Index
AMP International Fixed Interest Fund
AMP Global Fixed Interest Fund
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Index
AMP Capital Listed Property Fund
ANZ Property Fund ⁴
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Active
AMP International Shares Fund
AMP International Shares Fund
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Index
AMP Passive International Shares Fund
AMP International Shares Fund No. 2
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Index
ANZ Conservative Fund
ANZ Conservative Fund
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Active
ANZ Balanced Growth Fund
ANZ Balanced Growth Fund
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Active
ANZ Growth Fund
ANZ Growth Fund
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Active
Mercer Balanced Fund
Mercer Balanced Fund
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Active
ASB Moderate Fund
ASB Moderate Fund
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Passive
ASB Balanced Fund
ASB Balanced Fund
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Passive
ASB Growth Fund
ASB Growth Fund
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Passive
Nikko AM Conservative Fund
Nikko AM Conservative Fund
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Active
Nikko AM Balanced Fund
Nikko AM Balanced Fund
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Active
Nikko AM Growth Fund
Nikko AM Growth Fund
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Active
AMP Global Multi-Asset Fund
AMP Capital Global Multi-Asset Fund
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Active
AMP Income Generator Fund
AMP Capital Income Generator Fund
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Active
AMP Capital NZ Fixed Interest Fund
AMP NZ Fixed Interest Fund ⁴
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Index
AMP Australasian Shares Fund
AMP Australasian Shares Fund
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Index
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.


 


New Zealand Retirement Trust (NZRT)

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach³
AMP Australasian Shares Fund
AMP Australasian Shares Fund
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Index
AMP Conservative Fund
AMP Conservative Fund
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Index
AMP Moderate Fund
AMP Moderate Fund
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Index
AMP Moderate Balanced Fund
AMP Moderate Balanced Fund
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Index
AMP Balanced Fund
AMP Balanced Fund
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Index
AMP Growth Fund
AMP Growth Fund
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Index
AMP Aggressive Fund
AMP Aggressive Fund
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Index
AMP Ethical Balanced Fund
AMP Balanced Fund No. 2
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Index
AMP Cash Fund
AMP Cash Fund
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Index
AMP Capital NZ Fixed Interest Fund
AMP NZ Fixed Interest Fund ⁴
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Index
AMP Capital Listed Property Fund
ANZ Property Fund ⁴
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Active
AMP International Shares Fund
AMP International Shares Fund
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Index
AMP Passive International Shares Fund
AMP International Shares Fund No. 2
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Index
ANZ Conservative Fund
ANZ Conservative Fund
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Active
ANZ Balanced Growth Fund
ANZ Balanced Growth Fund
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Active
ANZ Growth Fund
ANZ Growth Fund
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Active
Mercer Balanced Fund
Mercer Balanced Fund
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Active
ASB Moderate Fund
ASB Moderate Fund
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Passive
ASB Balanced Fund
ASB Balanced Fund
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Passive
ASB Growth Fund
ASB Growth Fund
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Passive
Nikko AM Conservative Fund
Nikko AM Conservative Fund
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Active
Nikko AM Balanced Fund
Nikko AM Balanced Fund
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Active
Nikko AM Growth Fund
Nikko AM Growth Fund
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Active
AMP Global Multi-Asset Fund
AMP Capital Global Multi-Asset Fund
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Active
Koru Balanced Fund
AMP Balanced Fund No. 3
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Active
AMP Income Generator Fund
AMP Capital Income Generator Fund
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Active
AMP New Zealand Fixed Interest Fund
AMP Capital NZ Fixed Interest Fund
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Active
AMP Capital Assured Fund
Declared Rate Fund
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Active
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.


AMP Personal Superannuation Scheme (PSS)

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach³
Select Cash
AMP Select Cash Fund
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Index
Select Income Fund ⁵
AMP Select Income Fund
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Index
Select Conservative
AMP Select Conservative Fund
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Index
Select Balanced
AMP Select Balanced Fund
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Index
Select Growth
AMP Select Growth Fund
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Index
Lifesteps Growth
AMP Lifesteps Growth Fund
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Index
Lifesteps Progression
AMP Lifesteps Progression Fund
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Index
Lifesteps Consolidation
AMP Lifesteps Consolidation Fund
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Index
Lifesteps Stability
AMP Lifesteps Stability Fund
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Index
Lifesteps Maturity
AMP Lifesteps Maturity Fund
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Index
NZ Cash
AMP New Zealand Cash Fund
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Index
AMP Capital NZ Fixed Interest Fund
AMP NZ Fixed Interest Fund ⁵
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Index
AMPCI Global Fixed Interest
AMP Global Fixed Interest Fund
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Index
Global Bonds - Multi Manager
AMP Global Fixed Interest Fund No. 2
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Index
AMPCI NZ Shares Index
AMP New Zealand Shares Fund No. 2
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Index
AMPCI NZ Shares
AMP New Zealand Shares Fund
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Index
AMPCI Global Shares Index
AMP International Shares Fund No. 2
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Index
AMPCI Global Shares
AMP International Shares Fund
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Index
AMPCI Global Shares Index Hedged
AMP International Shares Fund No. 3
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Index
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.


AMP Investment Trust (AIT)

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach³
Select Cash
AMP Select Cash Fund
Tick Icon

Index
Select Income Fund
AMP Select Income Fund
Tick Icon

Index
Select Conservative
AMP Select Conservative Fund
Tick Icon

Index
Select Balanced
AMP Select Balanced Fund
Tick Icon

Index
Select Growth
AMP Select Growth Fund
Tick Icon

Index
AMPCI Global Fixed Interest
AMP Global Fixed Interest Fund No. 2
Tick Icon

Index
AMPCI NZ Shares Index
AMP New Zealand Shares Fund No. 2
Tick Icon

Index
AMPCI NZ Shares
AMP New Zealand Shares Fund
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Index
AMPCI Global Shares Index
AMP International Shares Fund No. 2
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Index
AMPCI Global Shares
AMP International Shares Fund No. 3
Tick Icon

Index
AMPCI Global Shares Index Hedged
AMP International Shares Fund No. 4
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Index
Moderate Portfolio
AMP Moderate Fund
Tick Icon

Index
Balanced Portfolio
AMP Balanced Fund
Tick Icon

Index
Growth Portfolio
AMP Growth Fund
Tick Icon

Index
Global Infrastructure
AMP Capital Listed Infrastructure Fund
Tick Icon

Active
Australasian Shares - Multi Manager
AMP Australasian Shares Fund
Tick Icon

Index
Global Bonds - Multi Manager
AMP Global Fixed Interest Fund
Tick Icon

Index
Global Equities - Multi Manager
AMP International Shares Fund
Tick Icon

Index
Aggressive Portfolio
AMP Aggressive Fund
Tick Icon

Index
NZ Cash
AMP New Zealand Cash Fund
Tick Icon

Index
Fixed Interest Income Fund ⁵
AMP Fixed Interest Income Fund
Tick Icon

Index
AMP Capital Listed Property Fund
ANZ Property Fund ⁵
Tick Icon

Active
AMP Capital NZ Fixed Interest Fund
AMP NZ Fixed Interest Fund ⁵
Tick Icon

Index
Emerging Markets
AMP Emerging Markets Fund
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Index
eInvest Conservative Fund
AMP eInvest Conservative Fund
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Index
eInvest Moderate Fund
AMP eInvest Moderate Fund
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Index
eInvest Balanced Fund
AMP eInvest Balanced Fund
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Index
eInvest Growth Fund
AMP eInvest Growth Fund
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Index
eInvest Aggressive Fund
AMP eInvest Aggressive Fund
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Index
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.


AMP Personal Retirement Plans (PRP)

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach³
NZ Cash
AMP New Zealand Cash Fund
Tick Icon

Index
AMP Capital NZ Fixed Interest Fund
AMP NZ Fixed Interest Fund ⁵
Tick Icon

Index
Australasian Shares
AMP Australasian Shares Fund
Tick Icon

Index
AMP Capital Listed Property Fund
ANZ Property Fund ⁵
Tick Icon

Active
Global Fixed Interest
AMP Global Fixed Interest Fund
Tick Icon

Index
Global Shares
AMP International Shares Fund
Tick Icon

Index
Emerging Markets
AMP Emerging Markets Fund
Tick Icon

Index
Conservative
AMP Conservative Fund
Tick Icon

Index
Balanced
AMP Balanced Fund
Tick Icon

Index
Dynamic
AMP Dynamic Fund
Tick Icon

Index
ANZ Balanced Growth
ANZ Balanced Growth Fund
Tick Icon

Active
Passive NZ Shares
AMP New Zealand Shares Fund
Tick Icon

Index
Passive International Shares
AMP International Shares Fund No. 2
Tick Icon

Index
Passive International Shares (Hedged)
AMP International Shares Fund No. 3
Tick Icon

Index
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.


Future Lifestyle Plan (FLP)

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach
FLP Balanced Fund
FLP Balanced Fund
Tick Icon

Index
FLP Cash Fund
FLP Cash Fund
Tick Icon

Index
FLP Conservative Fund
FLP Conservative Fund
Tick Icon

Index
FLP Dynamic Growth Fund
FLP Dynamic Growth Fund
Tick Icon

Index
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.


Superannuation Master Trust (SMT)

Old name
Old name
New name
AMP Sustainable Investment Philosophy²
Investment approach³
Conservative
AMP Conservative Fund
Tick Icon

Index
Balanced Fund
AMP Balanced Fund
Tick Icon

Index
High Growth
AMP Growth Fund
Tick Icon

Index
Cash
AMP Cash Fund
Tick Icon

Index
UK Cash
AMP UK Cash Fund
Tick Icon

Index
AMP Capital NZ Fixed Interest Fund
AMP NZ Fixed Interest Fund ⁵
Tick Icon

Index
Listed International Property
ANZ International Property Fund ⁵
Tick Icon

Active
Listed NZ & Australian Property
ANZ Australasian Property Fund ⁵
Tick Icon

Active
International Fixed Interest
AMP Global Fixed Interest Fund
Tick Icon

Index
NZ & Australian Shares (Multi Manager)
AMP Australasian Shares Fund
Tick Icon

Index
NZ & Australian Shares (Value)
AMP Australasian Shares Fund No. 2
Tick Icon

Index
International Shares (Growth)
AMP International Shares Fund No. 2 ⁵
Tick Icon

Index
International Shares (Value)
AMP International Shares Fund No. 3 ⁵
Tick Icon

Index
International Shares (Passive)
AMP International Shares Fund
Tick Icon

Index
Horizon One Fund
AMP Conservative Fund
Tick Icon

Index
Horizon Three Fund
AMP Balanced Fund
Tick Icon

Index
Horizon Five Fund
AMP Growth Fund
Tick Icon

Index
Notes

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.

Important information

¹ AMP-branded funds refers to funds with the prefix ‘AMP’. These funds will be managed by AMP with support from BlackRock. Funds with the prefix ‘AMP Capital’ will continue to be managed by AMP Capital. Refer to the product tables to see which funds are adopting AMP’s sustainable investment approach.

² AMP is committed to sustainable investing. Read our Sustainable Investment Philosophy to learn more.

³ Fund managers take different approaches to how they manage investments. These approaches can be broadly categorised as either Active or Index (Passive). An active management approach involves a lot of buying and selling of investments with the goal of beating the market. Index management minimises buying and selling, instead it looks to match market performance over the long term by constructing portfolios that track a benchmark index.

AMP has taken care to ensure the accuracy of the information contained on this website. However, AMP and its related companies do not warrant its accuracy, or accept responsibility for any error, omission, or change in Government policy or legislation.
This website contains information of a general nature and does not constitute financial or other professional advice. Before taking any action, you should seek financial or other professional advice relevant to your personal circumstances. For financial advice, we recommend you contact your Adviser. If you don't have an Adviser, contact us on 0800 267 5494 and we can put you in touch with one.
AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme, New Zealand Retirement Trust (“NZRT”), AMP Investment Trust (“AIT”), AMP Personal Superannuation Scheme, AMP Personal Retirement Plans, Future Lifestyle Plan and Superannuation Master Trust (“the Schemes”). The Supervisor of each Scheme is The New Zealand Guardian Trust Company Limited. For a copy of the Product Disclosure Statements for the AMP KiwiSaver Scheme, NZRT and AIT and the Fund Update Booklets for the AMP KiwiSaver Scheme and NZRT, please visit amp.co.nz or contact Customer Services on 0800 267 5494.
⁴ Effective from 1 December 2021
⁵ Effective from 6 December 2021