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AMP Capital Australian Equity Concentrated Fund

Select how you would like to invest

How active is your Australian equities manager?

In a volatile environment, fund managers generally become more risk-averse. As such, they tend to take a less active approach and consequently, their ability to outperform the market has diminished. We’ve designed the AMP Capital Australian Equity Concentrated Fund for investors seeking an actively managed fund that we believe is structured to perform well in all market environments and contribute to long-term growth.

"We focus on picking the the right stocks at the right time in the market cycle. Getting the earnings right and ahead of the market is key to generating strong returns and preserving our customers' capital."

Michael Price, Head of Australian Equities

A fund built with these goals in mind

Provides long-term growth potential

Provides long-term growth potential

The Fund invests in a concentrated portfolio of stocks with a focus on companies we believe can generate strong returns across a range of market conditions, through an investment style that blends value and growth characteristics.

An expanded opportunity set

An expanded opportunity set

Our unconstrained investment style means we have no bias towards growth or value stocks. This sees us adjusting our stock selection to capitalise on market opportunities. The Fund has no limits on sector weights, which means we can increase our holdings in stocks where we have a high conviction, and avoid those structurally flawed areas of the market which are likely to disappoint investors. By investing only in the stocks that our fundamental analysis suggests are undervalued by the market, we believe this approach will generate better returns for investors.

A proactive investment approach

A proactive investment approach

By actively managing the Fund, we are able to act on opportunities as they arise, taking advantage of mispriced market opportunities and maintaining a portfolio relevant to the current environment.



The Fund invests in a concentrated portfolio of stocks, diversified by industry, geographical coverage and sources of earnings. Diversification remains one of the most important principles investing for long term growth.

How does this fund fit into your portfolio?

The Fund is designed for investors seeking an an investment which provides the potential for strong 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.

How do we aim to outperform the market?

The Fund is made up of typically 25 to 35 investments and is weighted towards our highest conviction ideas. We aim to invest in Australian companies that we feel are likely to grow their earnings and in turn their share price. In our approach, we seek to generate growth for investors while mitigating risk and preserving capital.

Our unconstrained investment style means we have no bias towards growth or value stocks. This sees us adjusting our stock selection to capitalise on market opportunities. The Fund has no limits on sector weights, which means we can increase our holdings in stocks where we have a high conviction, and avoid those structurally flawed areas of the market where we are unlikely to perform well.

Our team of analysts conduct detailed assessments of the investment opportunity in over 200 listed companies through regular dialogue with company management, their customers, suppliers and competitors to uncover the most compelling investments. Often, these are found in the lesser known names in the market. We also draw ideas from our colleagues in global equities, investment strategy, real estate and credit markets. By sharing our knowledge, we gain a deeper insight into the companies in which we invest.

What are the risks?

The Fund invests in companies that are listed on the Australian Stock Exchange. This means that the Fund will be affected by any risks associated with these companies, such as how they perform, their strategy, management, how sustainable their earnings are, and other factors that affect the value and performance of a company. Being listed on a stock market also means that the value of the share prices for these companies can move up and down significantly because of market sentiment, world and economic events, and other types of information that can move markets.

Risks of the Fund may include or be associated with: investment management, concentration, derivatives, liquidity, sector, securities lending. Please refer to the Fund's Product Disclosure Statement for more information. Before choosing to invest in the Fund, investors should read the Product Disclosure Statement and Incorporated Information, and consider factors such as the likely investment return, the risks of investing and their investment timeframe.

Fund Carbon Footprint


Operational emissions come from the operations of a company whereas equity emissions come from the assets owned by a company. This distinction is particularly important in the extractive industries where one company may operate mines or oil and gas reserves for another. It is not always possible to identify equity emissions and in this case the operational emissions of a company is used.

Click here to find out more.

Fund facts

APIR code AMP1821AU
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.
Minimum suggested timeframe 5 years
Distribution frequency Half yearly
Inception date 23 May 2012
Minimum investment A$ 10,000 - Personal Investor/Off-platform Class H
Risk level (1 - 7) 6. High
Benchmark S&P/ASX 200 Accumulation Index AUD
Status Open

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

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* New customers only

AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the Australian Equity Concentrated Fund 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.


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.