ETF provider BetaShares has teamed up with AMP Capital to launch three new exchange-traded managed funds.
The AMP Capital Dynamic Markets Fund, the AMP Capital Global Property Securities Fund and the AMP Capital Global Infrastructure Securities Fund will be available to investors on the ASX in the “coming months”.
According to a statement by AMP Capital, the exchange-traded versions of the funds will replicate the existing funds of the same names.
AMP Capital director for Australia and New Zealand Craig Keary said his firm formed an “alliance” with BetaShares to create the new products.
“We want to make it as easy as possible for investors to access AMP Capital’s renowned active investment capabilities,” Mr Keary said.
BetaShares managing director Alex Vynokur said: “This alliance is the natural step in the evolution of the Australian market for exchange-traded products, bringing together the expertise of the two groups to deliver a new set of investment solutions to our clients.”
“Our research indicates a significant opportunity for active exchange-traded managed funds in Australia,” he said.
“We look forward to working with AMP Capital to launch the first of a range of products in the coming months.”