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Dynamic Markets Fund

Navigating the ups and downs of the market cycle

A flexible fund that responds to the market

As the investment landscape changes every day, it’s important that you have the right insights and expertise to position your portfolio to capture opportunities. By partnering with Shane Oliver and Nader Naeimi, Portfolio Managers of the AMP Capital Dynamic Markets Fund, your SMSF will benefit from having some of the industry’s most experienced minds and a team dedicated to keeping their eye on the investment horizon here and abroad.

The Fund puts diversification at your fingertips with access to shares, listed property, commodities, fixed income credit and cash and aims to deliver more stable returns over a rolling 5 year basis. In fact, since inception the Fund has delivered investors total returns of 6.92% pa*.

Past performance is not a reliable indicator of future performance.

*Inception date: 23rd February 2012. Performance as at 31 October 2016. Performance is annualised for periods greater than one year. Net performance is based on net asset value and is calculated after fees, expenses and taxes. These returns assume distributions are reinvested.
^The Reserve Bank of Australia inflation rate (Consumer Price Index) – trimmed mean
^^ before costs and tax, on a rolling 5 year basis

Dynamic asset allocation - now trading on the ASX

Dynamic Markets Fund (Hedge Fund) ASX Code: DMKT

AMP Capital and BetaShares have joined forces to bring AMP Capital's dynamic asset allocation capability to the Australian market via an active exchange traded managed fund. With the same investment strategy, target investment portfolio and distribution frequency as the existing unlisted fund, DMKT delivers easy access to up to 80 global positions via a single trade on the ASX.

Learn more

Key Stats

Performance is annualised for periods greater than 1 year.

Fund details

Inception date 23 February 2012
Fund manager Nader Naeimi
Investment objective A real return objective, before costs & before tax, of inflation* + 4.5% pa on a rolling 5 year basis
Minimum investment $10,000
Minimum timeframe 5 years (suggested)
Distribution frequency Half yearly
APIR code AMP1946AU
Performance as of:
30 November 2016
1 month
4.13%
3 month
4.22%
1 year
1.00%
2 year
3.53%
3 year
5.62%
5 year
n/a
Since inception
7.71%
View performance report
Fund updates
and related information
Fund profile Annual tax statement Get historical data PDS updates

* The Reserve Bank of Australia inflation rate (Consumer Price Index) – trimmed mean
Past performance is not a reliable indicator of future performance.

Frequently asked questions

What am I buying when I invest in the fund?

The Fund invests across a range of traditional asset classes such as shares, listed property, commodities, fixed income, credit and cash. The underlying asset class exposures within the Fund are achieved by investing in passively managed investments such as index funds, exchange traded funds (ETFs) and derivatives.

When will income be paid?

The Fund aims to pay income (distributions) half-yearly. The distributions paid are based on the income of the Fund and the number of units you hold at the end of the distribution period. You should be aware that although the Fund aims to pay distributions biannually, the amount of distribution may vary or no distribution may be payable.

What risks should I consider?

There is no guarantee that the Fund’s asset allocation strategy will provide positive investment performance at all stages of the investment cycle. The Fund invests in securities that are listed on share markets around the world. This means that the Fund will be affected by any risks associated with these securities. This includes how they perform, 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. Before choosing to invest in the Fund, you should read the Product Disclosure Statement and Incorporated Information, and consider factors such as the likely investment return, the risks of investment and your investment timeframe.

What is the Fund’s performance history?

The Dynamic Market Fund has a strong track-record of achieving growth with smoother returns over the long term. The average total return of the Fund since its inception* was 6.92% per year after fees.**

*As at 31 October 2016. Inception date 23 February 2012. Performance is annualised for periods greater than 1 year. Performance figures are calculated using exit prices, are net of management fees, ongoing fees and expenses, assume distributions are reinvested and tax is not deducted.

How much do I need to invest in the Fund?

The minimum amount required for an SMSF investor to invest in the Dynamic Markets Fund is $10,000. You can make subsequent investments of at least $5,000, and you can elect to have a monthly saving plan with a $500 minimum.

Why AMP Capital?

At AMP Capital, we believe experienced people, careful portfolio construction, robust risk management and a global asset allocation view can generate outstanding investment outcomes for clients. With one of Australia’s most experienced asset allocation teams at the helm, your portfolio is in safe hands. The team is led by Dr Shane Oliver, Head of Investment Strategy and Chief Economist and the portfolio is managed by Nader Naeimi, Head of Dynamic Asset Allocation.

How the fund seek to generate growth?

Dynamic Asset Allocation (DAA) is used to actively adjust the split of investments across asset classes in response to expected market changes. For example, when markets have fallen, the Fund may favour growth assets such as shares, whereas when markets are peaking the Fund may favour more defensive assets such as fixed income and cash.

What’s the recommended investment timeframe?

The suggested minimum investment timeframe is five years, as per the Dynamic Markets Fund Product Disclosure Statement.

What is the redemption process?

Withdrawal requests can be submitted by completing the withdrawal request form.

We can accept the request by mail or fax if proceeds are being paid to the nominated bank account on file. For all non-nominated accounts an original signed request must be received by post. Our daily processing cut off time is 1pm on a business day to receive the withdrawal price for that day, any requests received after this time will receive the withdrawal price of the following business day. If it is a non-business day in Sydney, your withdrawal will be processed using the next available withdrawal price. A business day for us is any day other than Saturday, Sunday or a bank or public holiday in Sydney, NSW.

Proceeds will generally be made available within 5 business days of your request being received.

What are the fees?

The Dynamic Markets Fund provides the potential for an improved risk-return outcome at a lower cost relative to a traditional diversified fund.

There is no application fee, no contribution fee, no withdrawal fee, no service fees for investment switches and no termination fee. Fees vary depending on how you invest. If you invest off-platform the management fee is 0.58% per year. A performance fee of up to 15% (plus 0.375% GST) of the Fund’s performance above its benchmark apply. Recoverable expenses are estimated at 0.02% pa. Full details are outlined in the Product Disclosure Statement.

What are the key benefits of investing in the Fund?

Key benefits of the Dynamic Markets include:

  1. Potential for an improved risk-return outcome at a lower cost
    The Fund provides a cost-effective way to access active asset allocation management. Investment in the Fund may provide an improved risk/return outcome over the investment time horizon when used as part of a blended portfolio solution.
  2. Aims to more closely match investors’ financial needs
    By seeking to provide a return of 4.5% above inflation before costs and tax per annum, over a rolling 5 year period, rather than outperforming a market index or a peer group, the Fund aims to provide an investment outcome which more closely matches the needs of the outcome based investor.
  3. Capture opportunities at various stages of the economic cycle
    We adopt an investment approach known as Dynamic Asset Allocation where we seek to negotiate the ups and downs of the market. The aim is to sell away from overpriced situations and buy in to underpriced opportunities.
  4. Managed by one of Australia’s most experience asset allocation teams
    The team applies its skills in asset allocation, economic and market analysis, portfolio construction and robust risk management with the aim of generating outstanding investment outcomes for clients.
What is the size of the Fund?

The Dynamic Markets Fund currently has $1,184.95 million in funds under management.*

* As at 29 February 2016

About the investment strategy

Figure 1:

Dynamic asset allocation

The AMP Capital Dynamic Markets Fund uses active asset allocation to take advantages of opportunities we see arising from market mispricing. The Fund is actively managed in terms of asset allocation and currency hedging, with the flexibility to change the asset class mix and currency hedging level at any time within broad ranges.

The Fund provides investors with diversification by investing across a range of traditional asset classes such as shares, listed property, commodities, fixed income, credit and cash. The underlying asset class exposures within the Fund are achieved by investing in passively managed investments such as index funds and exchange traded funds (ETFs), and using derivatives.

Dynamic Asset Allocation (DAA) is used to actively adjust the split of investments across asset classes in response to expected market changes. For example, when markets have fallen, the Fund may favour growth assets such as shares, whereas when markets are peaking the Fund may favour more defensive assets such as fixed income and cash.

The illustration (figure 1) shows how the Fund can be flexible in altering its allocation to growth assets according to investor sentiment, which is one of the main drivers of the DAA process. Conversely, as there are signs of a recovery in share markets, the Fund can increase exposure to growth assets.

Meet the managers - Nader Naeimi & Shane Oliver

Nader Naeimi, Head of Dynamic Markets

Nader has over 17 years’ of experience in Australia’s financial markets, including 13 years as part of AMP Capital’s Investment Strategy and Economics team. Nader is a regular media commentator on major investment and financial market matters.

 

Shane Oliver, Head of Investment Strategy and Chief Economist

Shane Oliver is responsible for AMP Capital’s diversified investment funds and providing economic forecasts and analysis of key variables and issues affecting all asset markets. Shane is a regular media commentator on major economic and investment market issues, and their relationship to the investment cycle.

What are the risks?

There is no guarantee that the Fund’s asset allocation strategy will provide positive investment performance at all stages of the investment cycle. The Fund invests in securities that are listed on share markets around the world. This means that the Fund will be affected by any risks associated with these securities. This includes how they perform, 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. Before choosing to invest in the Fund, you should read the Product Disclosure Statement and Incorporated Information, and consider factors such as the likely investment return, the risks of investment and your investment timeframe.

Invest now

Prepare for your application

Make sure you have the following details ready:

  • Contact details
  • Drivers licence
  • TFN

Complete the application


To be eligible you must:

  • Be over 18 years of age
  • Submit this application within Australia
  • Read the entire PDS for the relevant fund

AMP's Australian operations are bound by the current Australian privacy legislation which outlines how organisations should manage and use personal information collected and held about their customers. AMP Privacy Policy

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

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