Client Update: AMP Capital transition to Macquarie Asset Management
Article written by AMP Capital – March 2022
As part of the sale of AMP Capital to Macquarie Asset Management (MAM), we are writing to provide an update on some changes as we transition the business in New Zealand.
Background
On 8 July 2021 AMP Capital reached a binding agreement with Macquarie Asset Management for the sale of its global equities and fixed income (GEFI) business. The sale includes AMP Capital’s New Zealand investment operations.
Subject to customary closing conditions being met, the transaction is expected to be complete on 26 March 2022. On completion, GEFI’s assets under management (including those managed by the New Zealand business), certain investment teams and other key staff will transfer to Macquarie.
Fund changes
For most funds there is no change to fund objectives, benchmarks, fund management or fees and charges. The change you will see, effective 1st April 2022, will be the renaming of funds from “AMP Capital” to “Macquarie”. The exceptions are that the Global Property Securities Fund will become the Global Listed Real Estate Fund and the Global Short Duration Fund will be renamed the Global Income Opportunities Fund. New Product Disclosure Statement (PDS) documents will be produced to reflect the change to MAM and these will be made available on completion.
A full list of the new fund names and product codes is set out below.
Please note, if using a mobile phone, scroll horizontally as well as vertically to fully view the list.
| Current/Old Name | New Name |
|---|---|
|
AMP Capital Core Global Shares Fund |
Macquarie Core Global Shares Fund |
|
AMP Capital NZ Cash Fund |
Macquarie NZ Cash Fund |
|
AMP Capital NZ Shares Fund |
Macquarie NZ Shares Fund |
|
AMP Capital Emerging Markets Shares Fund |
Macquarie Emerging Markets Shares Fund |
|
AMP Capital NZ Fixed Interest Fund |
Macquarie NZ Fixed Interest Fund |
|
AMP Capital Ethical Leaders Growth Fund |
Macquarie Ethical Leaders Growth Fund |
|
AMP Capital Global Listed Infrastructure Fund |
Macquarie Global Listed Infrastructure Fund |
|
AMP Capital Global Property Securities Fund |
Macquarie Global Listed Real Estate Fund |
|
AMP Capital Core Hedged Global Shares Fund |
Macquarie Core Hedged Global Shares Fund |
|
AMP Capital Global Shares Fund |
Macquarie Global Shares Fund |
|
AMP Capital Ethical Leaders Conservative Fund |
Macquarie Ethical Leaders Conservative Fund |
|
AMP Capital Australian Shares Fund |
Macquarie Australian Shares Fund |
|
Australasian Property Index Fund |
Macquarie Australasian Property Index Fund |
|
NZ Shares Index Fund |
Macquarie NZ Shares Index Fund |
|
All Country Global Shares Index Fund |
Macquarie All Country Global Shares Index Fund |
|
Ethical Leaders Hedged Global Fixed Interest Index Fund |
Macquarie Ethical Leaders Hedged Global Fixed Interest Index Fund |
|
AMP Capital Ethical Leaders Global Shares Fund |
Macquarie Ethical Leaders Global Shares Fund |
|
AMP Capital Ethical Leaders NZ Shares Fund |
Macquarie Ethical Leaders NZ Shares Fund |
|
AMP Capital Ethical Leaders Balanced Fund |
Macquarie Ethical Leaders Balanced Fund |
|
AMP Capital NZ Short Duration Fund |
Macquarie NZ Short Duration Fund |
|
AMP Capital Income Generator Fund |
Macquarie Income Generator Fund |
|
AMP Capital Global Multi Asset Fund |
Macquarie Global Multi Asset Fund |
|
AMP Capital Global Short Duration Fund |
Macquarie Global Income Opportunities Fund |
Client Update: AMP Capital transition to Macquarie Asset Management
Article written by AMP Capital – March 2022
As part of the sale of AMP Capital to Macquarie Asset Management (MAM), we are writing to provide an update on some changes as we transition the business in New Zealand.
Background
On 8 July 2021 AMP Capital reached a binding agreement with Macquarie Asset Management for the sale of its global equities and fixed income (GEFI) business. The sale includes AMP Capital’s New Zealand investment operations.
Subject to customary closing conditions being met, the transaction is expected to be complete on 26 March 2022. On completion, GEFI’s assets under management (including those managed by the New Zealand business), certain investment teams and other key staff will transfer to Macquarie.
Fund changes
For most funds there is no change to fund objectives, benchmarks, fund management or fees and charges. The change you will see, effective 1st April 2022, will be the renaming of funds from “AMP Capital” to “Macquarie”. The exceptions are that the Global Property Securities Fund will become the Global Listed Real Estate Fund and the Global Short Duration Fund will be renamed the Global Income Opportunities Fund. New Product Disclosure Statement (PDS) documents will be produced to reflect the change to MAM and these will be made available on completion.
A full list of the new fund names and product codes is set out below.
Please note, if using a mobile phone, scroll horizontally as well as vertically to fully view the list.
| Current/Old Name | New Name |
|---|---|
|
AMP Capital Core Global Shares Fund |
Macquarie Core Global Shares Fund |
|
AMP Capital NZ Cash Fund |
Macquarie NZ Cash Fund |
|
AMP Capital NZ Shares Fund |
Macquarie NZ Shares Fund |
|
AMP Capital Emerging Markets Shares Fund |
Macquarie Emerging Markets Shares Fund |
|
AMP Capital NZ Fixed Interest Fund |
Macquarie NZ Fixed Interest Fund |
|
AMP Capital Ethical Leaders Growth Fund |
Macquarie Ethical Leaders Growth Fund |
|
AMP Capital Global Listed Infrastructure Fund |
Macquarie Global Listed Infrastructure Fund |
|
AMP Capital Global Property Securities Fund |
Macquarie Global Listed Real Estate Fund |
|
AMP Capital Core Hedged Global Shares Fund |
Macquarie Core Hedged Global Shares Fund |
|
AMP Capital Global Shares Fund |
Macquarie Global Shares Fund |
|
AMP Capital Ethical Leaders Conservative Fund |
Macquarie Ethical Leaders Conservative Fund |
|
AMP Capital Australian Shares Fund |
Macquarie Australian Shares Fund |
|
Australasian Property Index Fund |
Macquarie Australasian Property Index Fund |
|
NZ Shares Index Fund |
Macquarie NZ Shares Index Fund |
|
All Country Global Shares Index Fund |
Macquarie All Country Global Shares Index Fund |
|
Ethical Leaders Hedged Global Fixed Interest Index Fund |
Macquarie Ethical Leaders Hedged Global Fixed Interest Index Fund |
|
AMP Capital Ethical Leaders Global Shares Fund |
Macquarie Ethical Leaders Global Shares Fund |
|
AMP Capital Ethical Leaders NZ Shares Fund |
Macquarie Ethical Leaders NZ Shares Fund |
|
AMP Capital Ethical Leaders Balanced Fund |
Macquarie Ethical Leaders Balanced Fund |
|
AMP Capital NZ Short Duration Fund |
Macquarie NZ Short Duration Fund |
|
AMP Capital Income Generator Fund |
Macquarie Income Generator Fund |
|
AMP Capital Global Multi Asset Fund |
Macquarie Global Multi Asset Fund |
|
AMP Capital Global Short Duration Fund |
Macquarie Global Income Opportunities Fund |
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