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.
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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
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.
⁴ Effective from 1 December 2021
⁵ Effective from 6 December 2021
⁶ Effective from 23 February 2022
⁷ Effective from 1 April 2022
⁸ Effective from 1 April 2022
New Zealand Retirement Trust (NZRT)
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.
⁴ Effective from 1 December 2021
⁵ Effective from 6 December 2021
⁶ Effective from 1 April 2022
⁷ Effective from 1 April 2022
⁸ Effective from 23 February 2023
AMP Investment Trust (AIT)
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.
⁴ Effective from 6 December 2021
AMP Personal Retirement Plans (PRP)
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.
⁴ Effective from 6 December 2021
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 <a href="https://www.amp.co.nz/sustainable-investment-philosophy">Sustainable Investment Philosophy</a> 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.
⁴ Effective from 1 December 2021
⁵ Effective from 6 December 2021