Investment firm AMP Capital has launched a new long-only fund that will invest in a concentrated portfolio of companies based on current or anticipated cash generation.
The AMP Capital Global Equity Fund will invest in between 25 and 35 companies, with a long-term investment horizon with low portfolio turnover, the company said.
AMP Capital global chief investment officer for equities David Allen said the fund, which will look for tailwinds and thematic drivers, “represents a highly differentiated investment opportunity” with a focus on absolute outcomes rather than a benchmark.
“We’ve taken a high-conviction approach, investing in a small number of exceptional companies with outstanding prospects, that have dependable and persistent cash-backed returns on capital,” he said.
“As we are not bound to a benchmark, sector or country, these are names that we think are the best stocks globally and will deliver the performance to meet our clients’ goals.”
AMP Capital said it intends to create more global equity products “in the coming years”, and described the AMP Capital Global Equity Fund as its “inaugural fund” in its global equities range.
Read more:
Market valuations ‘unjustified’: Perpetual
PC proposal could sideline retail defaults
Mid-caps with diverse boards outperforming: KPMG
ACCC rules against banks on Apple Pay
Nippon Life bullish on MLC post-acquisition
Analysts have predicted the Reserve Bank will make two further decreases to cash rates in the coming year, while rejecting speculation of in...
In light of growing concern around climate change and natural disasters, one asset manager has said investors should be looking to place the...
VanEck has released its new Income ETF Model Portfolio that will seek recommended strategic asset allocations to yield income as it predicts...
Get notifications in real-time for staying up to date with content that matters to you.
