International Bond Fund

Fund aim

The Fund invests globally in government, government related, corporate, asset-backed and hybrid securities (such as convertible notes), in both developed and emerging markets.

Investment strategy

AMP Capital uses a multi-manager approach for international bonds. We have appointed the following managers to implement investment policy for this fund:

• Credit Agricole Asset Management
• Golmand Sachs JB Were Investment Management
• Hyperion Capital Management
• Wellington Management Company

Investment objective

The investment objective is to deliver a return (after costs and before tax) that exceeds the benchmark on a rolling 12 month basis.

Benchmark

Lehman Bros Global Aggregate Index

Inception date

6 March 1996

Recommended investment timeframe

Minimum 2-3 years

Risk rating

Low-Medium

Distributions

Quarterly and can be paid in cash or re-invested in the fund.

Hedging

The fund is fully hedged to Australian dollars. Currency exposures are individually managed by the underlying investment managers.

Minimum investment

A$10 million

Buy/sell spread

Nil

Management expense ratio (MER)

0.4602%