Fund overview
The AMP Capital Global Property Securities Fund gives investors access to a diversified portfolio of property securities listed on global sharemarkets. In normal circumstances, The Fund is hedged back to Australian dollars with the aim of minimising the volatility of investment returns due to currency fluctuations.
Key features
-
Exposure to a global portfolio by investing in property securities listed on sharemarkets in Australia, North America, Europe and Asia.
-
Access to regional property specialists in each region with a strong track record and expertise.
-
Diversification opportunities by accessing a range of global property companies and sectors.
-
An established track record in managing global listed property securities.
© 2010 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the above data or content to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant product disclosure statement, before making any decision. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.pdf
The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant 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 this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.
^ van Eyk Research Pty Limited (ABN 99 010 664 632), corporate authorised representative of van Eyk Financial Group Pty Ltd (ABN 28 149 679 078, AFSL 402146) (van Eyk) has conducted a review of the processes undertaken by SQM Research Pty Ltd (ACN 122 592 036) (SQM Research) in preparing its research report (dated June 2012) on the property sector. van Eyk, in marking this report 'endorsed', generally speaking confirms the investment recommendation outlined in the report on this product having regard to the contents of the report only. SQM Research’s rating and van Eyk's endorsement could change or cease at any time and should not be relied upon without referring to the meaning of the rating as well as the full report available to subscribers at www.iRate.vaneyk.com.au. van Eyk has not reviewed the accuracy of this research or information nor whether the report may have material omissions or misstatements. This review and van Eyk's recommendation does not take into account an individual's financial situation, needs or objectives. The recommendation is intended for professional financial advisers only and should not, and is not intended to be relied upon by investors in making an investment decision. van Eyk may from time to time receive fees from SQM Research for distributing its reports.
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").
| APIR code |
AMP0974AU - On-platform Class A |
| AMP1073AU - Personal Investor/Off-platform Class H |
| Investment objective |
To provide total returns (income and capital growth) after costs and before tax, above the Fund's performance benchmark on a rolling 3 year basis. |
| Investment approach |
To take advantage of global real estate market conditions, as well as country specific opportunities, the Fund's investment style combines a macroeconomic (top-down) approach to regional and country allocations, with a stock specific (bottom-up) selection process. The Fund is managed by an investment team made up of on-the-ground regional investment specialists based in Sydney, Chicago, London and Hong Kong. |
| Minimum suggested timeframe |
5 years |
| Distribution frequency |
Quarterly |
| Inception date |
29 November 2004 - On-platform Class A |
| 10 April 2006 - Personal Investor/Off-platform Class H |
| Risk level (1 - 7) |
6. High |
| Status |
Open - On-platform Class A |
| Open - Personal Investor/Off-platform Class H |
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.
* The benchmark for this Fund changed on 1 October 2011 to the FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI from the UBS Global Real Estate Investors Index (Hedged in AUD). Past performance from 1 October 2011 is reported against the FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI. Past performance of the Fund prior to 1 October 2011 is reported against the UBS Global Real Estate Investors Index (Hedged in AUD) on a gross of withholding tax basis prior to 30 September 2004, and on a net of withholding tax basis from 30 September 2004 to 30 September 2011.
Unit Prices
Important: The unit prices displayed in this section are indicative only.
If unit prices are not available for today then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.
Our unit price discretion policy states where we may exercise certain discretions in determining the unit price of units on application or withdrawal in each investment option. View and download our Unit Pricing Discretions Policy for the types of discretions that we may exercise, in what circumstances, our policies on how we exercise the discretions and the reasons why we consider our policies are reasonable.
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices.
During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. Actual unit prices can be confirmed on receipt of a completed application or redemption form.
None of AMP Capital Funds Management Limited (ABN 15 159 557 72, AFSL 426455), AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497), National Mutual Funds Management Limited (ABN 32 006 787 720, AFSL 234652), or any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information.
The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant PDS available from us for the relevant fund before making any decision regarding the product.
Fund Performance
Get historical data
None of AMP Capital Funds Management Limited (ABN 15 159 557 72, AFSL 426455), AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497), National Mutual Funds Management Limited (ABN 32 006 787 720, AFSL 234652), or 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 document. Past performance is not a reliable indicator of future performance.
This information has been prepared for the purpose of providing general information, without taking account of any particular investor's objectives, financial situation or needs. You should, before making any investment decisions, consider the appropriateness of this information and seek professional advice, having regard to your objectives, financial situation and needs.
Returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differfrom the actual unit price for an investor applying for or redeeming an investment. Actual unit prices will be confirmed following any transaction by an investor. Returns quoted are before tax, after fees and costs, assume all distributions are reinvested and are annualised for periods greater than one year. To invest in our Funds you'll need to get a copy of the current Product Disclosure Statement ("PDS") from AMP Capital. The PDS contains important information about investing in the Funds and it's important you read them before deciding whether to acquire, continue to hold or dispose of units in the Funds.
Cash Management Trust
Returns for Retail Cash Management Trust are available quarterly only
AMP Capital Enhanced Yield Fund
Returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differ from the actual unit price for an individual investor. Returns quoted are before tax, after Class fees and costs, and assume all distributions are reinvested. Also, the returns shown do not include franking credits received from some of the hybrid stocks that have been held historically. Further to our update dated 7 Oct 2009, performance attribution for income and growth components will not be reported while the Fund is currently returning capital via distributions as this distribution policy results in a distortion of this income and growth component. The AMP Capital Enhanced Yield Fund changed its asset allocation on 1 June 2004, moving from listed property trusts in favour of increased exposure to structured high yield debt and hybrid corporate bonds, which represented a significant change in the investment approach for the Fund. For this reason performance since inception figures for the Wholesale and On-platform Class A products shown are from this significant event date (1 June 2004). The asset allocation changed on 19 October 2009 when the target asset allocation of 50% traded high yield and 50% private debt was removed. As from 31 December 2011, the Fund invests in private debt investments and has a small holding in cash and liquid securities.
About the PDS
Accessing PDS information
Under the heading ‘PDS information’ on the side menu you will find links to the following On-Platform and/or Off-Platform documents:
-
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 in the Fund (On-Platform and/or Off-Platform as applicable), all investors should read both documents. These documents can also be obtained by contacting us on 1800 658 404.