AMP New Zealand – These exposures have arisen as a result of downstream wholesale manager mandates and not as a res...
We require all fund managers we invest through to be fully compliant with the law and appropriate regulations and have formal agreements with them to ensure such compliance, including a quarterly attestation certificate. Based on the most recent returns all fund managers AMP partners with are compliant with the law. AMP Capital (ACI) complies with the law and does not invest directly in any prohibited investments. Since 2014, ACI has been committed to exiting indirectly held investments as well. These exposures have arisen as a result of downstream wholesale manager mandates and not as a result of any direct instruction from ACI. By the end of October this year, that indirect exposure will further reduce to 0.006% and ACI have undertaken to fully exit these investments by the end of 2016, therefore exceeding its legal obligation in this regard. We believe it’s important not to distinguish between AMP KiwiSaver Scheme members and other investors when considering approaches to investment.
All investors are entitled to the same level of rigour and oversight of their investments and the full exit by AMP Capital from indirectly held prohibited investments by the end of 2016 will be applicable to all of AMP’s investment funds.
- Phone number(s)0800 808 267
- Location(s) AMP Centre, 29 Customs Street West, Auckland, New Zealand 1010
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