AMP Capital have advised us of the following changes in their investment strategies:

AMP Capital Responsible Investment Leaders (RIL) Funds

The international fixed interest component of the AMP RIL Funds (Conservative, Balanced and Growth) invest in the AMP Capital Global Fixed Interest Fund. This Fund is now closing and we are taking the opportunity to implement a new global fixed interest strategy. Further information is available here.

AMP Capital Hedged Global Fixed Interest Fund

AMP Capital has recently completed a review of its multi-manager global fixed interest strategy, and as a result is implementing some changes to the Fund. This involves the inclusion of AMP Capital’s global sovereign bond capability, changing the benchmark to a weighted average composite benchmark, and a change to the investment guidelines to increase environmental, social and governance (ESG) considerations in the Fund. Further information is available here.

A new PDS was issued for the following funds:

• Australian Share Fund
• Balanced Fund
• Equity Selection Fund
• International Share Fund
• New Zealand Share Fund
• Property Securities Fund

A new PDS was issued for the following funds:

• Concentrated Equity Fund
• Core Equity Fund
• Global Shares Fund
• Income Fund
• NZ Cash Fund
• NZ Corporate Bond Fund