AMP Capital listed fund reaches $1bn

The Sydney-based fund manager’s global fund, which was launched four years ago, has broken through a key milestone.

AMP Capital, the Sydney-headquartered fund manager, has announced that its Global Listed Infrastructure Fund has reached $1 billion in assets under management.

The fund, which was launched in July 2010, is one of the first funds to be part of AMP Capital’s UCITS (Undertakings for Collective Investment in Transferable Securities) platform, which more easily enables institutional investors in the UK, continental Europe and Asia to invest in listed infrastructure and real estate. The platform was launched in April this year.

The Global Listed Infrastructure Fund invests in water utilities, oil and gas storage and transport, transmission and distribution, social infrastructure, toll roads, airports and ports across a number of regions. The investment team is based in Sydney, London and Chicago.

“Listed infrastructure bridges the gap between equity and debt in traditional asset allocation and is a flexible tool to use when constructing a diversified portfolio,” said Tim Humphreys, AMP Capital’s head of global listed infrastructure, in a statement. “It is a rapidly growing asset class due to its unique features such as steady returns throughout the cycle, low correlation to global equities, lower volatility, high dividend yields and liquidity.”

The recent AMP Capital Institutional Investor report found that nearly 20 percent of investors plan to increase their allocation to listed infrastructure, listed real estate and real estate investment trusts in 2014.

AMP Capital has more than A$142 billion (€98 billion; $133 billion) under management in total and a focus on areas including infrastructure, real estate, fixed income, equities and multi-asset solutions.