The three funds launched under the alliance – the AMP Capital Dynamic Markets Fund, the AMP Capital Global Property Securities Fund and the AMP Capital Global Infrastructure Securities Fund – will be managed by AMP Capital’s investment teams.
The funds will replicate strategies of existing funds of the same name and are expected to have wide appeal among SMSF trustees, AMP Capital said.
Funds will be able to be bought and sold during the trading day like any share on the ASX.
AMP Capital director of Australia and New Zealand, Craig Keary, said AMP Capital was excited to be working in alliance with BetaShares to bring the first ever AMP Capital traded managed funds to customers.
“Investors will be able to choose to invest via a traditional managed fund on platform, through the ASX mFund service and now via an exchange-traded managed fund in alliance with BetaShares,” Mr Keary said.
BetaShares managing director Alex Vynokur said the alliance is the natural step in the evolution of the Australian market for exchange-traded products, bringing together the expertise of the two groups to deliver a new set of investment solutions.
“Our research indicates a significant opportunity for active exchange-traded managed funds in Australia,” Mr Vynokur said.
“The recently released BetaShares/Investment Trends ETF report found that 61 per cent of financial planners are interested in using these funds as part of their investment process.”