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Global Infrastructure Securities Fund (Unhedged)

Select how you would like to invest

Take advantage of the long-term return potential associated with global infrastructure

The need for new infrastructure in both developed and developing economies means there will be a broad and growing range of infrastructure investment opportunities listed on stock exchanges around the world. Infrastructure assets are often built or regulated in such a way that they face little or no competition. These strong monopolistic qualities provide the asset class with defensive characteristics and mean they are generally subject to less market volatility than other asset classes.

The AMP Capital Global Infrastructure Securities Fund (Hedged) was developed to provide investors with the opportunity to benefit from the expected long-term global growth in infrastructure, and the return potential associated with infrastructure assets. Investors have the option to hedge the Fund's international investments back to Australian dollars.

"Listed Infrastructure offers the attractive combination of secular growth and high and growing dividends, backed by secure long-term contracts or regulation."
Tim Humphreys, Head of Global Listed Infrastructure

Lonsec Research Recommended
Zenith Recommended Rating

A fund built with these goals in mind

Regional and sector diversification provides access to more investment opportunities

Regional and sector diversification provides access to more investment opportunities

The Funds invest in both developed and emerging markets across a range of sectors. This means investors are able to participate in the potentially strong economic growth of emerging markets as well as benefit from the stability of existing infrastructure in developed markets.

Focus on ‘core and pure’ infrastructure companies means more stable cash-flows

Focus on ‘core and pure’ infrastructure companies means more stable cash-flows

The Funds invest at least 80% of their assets in ‘core and pure’ infrastructure assets which exhibit strong monopolistic characteristics with little or no competition. This allows them to offer more stable cash-flows than other assets in the broader infrastructure universe.

What’s the difference between hedged and unhedged?

With the unhedged Global Infrastructure Securities Fund, investors are exposed to fluctuations in the Australian dollar. This can be a good thing if the Australian dollar falls relative to the currency in the country where the investments are held. For example, if you were invested in an unhedged US share fund and the value of the Australian dollar decreased relative to the US dollar, then the value of your portfolio would increase. This is because you would receive more for your investment if you converted it back into Australian dollars.

Of course it can also work the other way around. As the Australian dollar increases in value, the value of an unhedged overseas portfolio would decrease when converted back into Australian dollars.

With the hedged Global Infrastructure Securities Fund, we use strategies to offset the impact of currency fluctuations. The objective is to ensure the only factor influencing the return from the portfolio is the income and capital gains (or losses) generated by the underlying investments – not currency movements as well.

With a fully hedged portfolio, you are protected from the adverse impact of a rising Australian dollar. But equally, you don’t get to benefit from situations where the Australian dollar is falling.

How does this fund fit into your portfolio?

The fund is designed for investors seeking an an investment which provides the potential for sustainable income and capital growth over the long term. It can be used to complement existing solutions in a blended portfolio or it can be used individually. When used with existing solutions, the fund fits within the growth component of an investor’s overall portfolio.

What opportunities does the Fund invest in?

Eutelsat

Eutelsat

Location: France
Sector: Communications
Business: 30 satellites positioned around the globe, broadcasting 4500 TV station and 1200 radio stations, to an audience of over 200 million cable and satellite TV homes
Frankfurt Airport

Frankfurt Airport

Location: Germany
Sector: Airports
Business: 11th largest airport^ in the world by passenger numbers, with 57.53 million passengers*

^ 57.53 million passengers per year Source: www.frankfurt-airport.com, media release Fraport Traffic Figures – Full Year & December 2012, released Jan 2013
* 11th largest airport in the world source: Airports Council International, Preliminary 2012 World Airport Traffic and Rankings, released Jan 2013

What are the risks?

The funds invest in securities that are listed on share markets around the world. This means that the Funds will be affected by any risks associated with these securities. This includes how they perform, their strategy, management, how sustainable their earnings are, and other factors that affect the value and performance of a security, as well as those associated with international investments.

The funds offer a hedged and an unhedged option. Investors interested in the hedged option of this fund should be aware that the Fund could incur losses relating to exchange rates or hedging. Investors in the unhedged option should consider the potential exposure to currency risks. There are other risks associated with investing in the funds. Before choosing to invest in the funds, you should read the Product Disclosure Statement and Incorporated Information, and consider factors such as the likely investment return, the risks of investing and your investment timeframe.

Fund facts

APIR code AMP1592AU
Investment objective To provide total returns (income and capital growth) after costs and before tax, above the Fund's performance benchmark over the long term.
Minimum suggested timeframe 5 years
Distribution frequency Quarterly
Inception date 02 July 2010
Minimum investment A$ 10,000 - Personal Investor/Off-platform Class H
Risk level (1 - 7) 7. Very High
Benchmark Dow Jones Brookfield Global Infrastructure Net Accumulation Index AUD
Status Open
Investment objective To provide total returns (income and capital growth) after costs and before tax, above the Fund's performance benchmark over the long term.
Minimum suggested timeframe 5 years
Distribution frequency Quarterly
Minimum investment A$ 10,000 - R unit class
Risk level (1 - 7) 7. Very High
Benchmark Dow Jones Brookfield Global Infrastructure Net Accumulation Index AUD

The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.

How to invest

2
Getting started online

Supporting material
3
Complete the application

Apply online
or
Download form

2
View a list of online brokers

Visit the ASX
3
Make note of the ASX mFund code in order to invest on the ASX site

ACA03

The Lonsec Rating (assigned May 2015) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is a “class service” (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to “wholesale clients” (as defined in the Financial Advisers Act 2008 (NZ)). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold AMP Capital product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.  For further information regarding Lonsec’s Ratings methodology, please refer to http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2015) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on Zenith's Product Assessment’s http://www.zenithpartners.com.au/RegulatoryGuidelines

AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the AMP Capital Global Infrastructure Securities Fund (Unhedged) and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.

Issuer and responsible entity: AMP Capital Funds Management Limited ABN 15 159 557 721, AFSL 426455. AMP Capital Funds Management Ltd is a member of the AMP Group which includes AMP Capital Investors Limited ABN 59 001 777 591, ASFL 232497 ("AMP Capital", "we" or "us").

About the PDS:

You will find the following offer documents for this fund:

  • PDS
  • Incorporated information (the information incorporated by reference in the PDS, and which forms part of the PDS)

Before making a decision about investing or reinvesting, you should read both documents. These documents can also be obtained by contacting us on 1800 188 013.