AMP expands UCITS offer to Asia

The firm expects significant demand from Hong Kong and Singapore for the platform, which was set up in April with $156m under management.

AMP Capital has expanded its freshly launched UCITS (Undertakings for the Collective Investment of Transferable Securities) platform to broaden the appeal of its Global Listed Infrastructure Fund and Global Real Estate Securities Fund in Asia.

The UCITS-compliant funds follow the same strategy and approach as AMP’s existing listed infrastructure and real estate funds, which are diversified across regions and sectors. They were launched in April 2014 with $156 million under management, initially targeting institutional investors in the UK, the Netherlands and Luxembourg.

“UCITS is the most common investment vehicle in Asia and in particular we see significant investor demand in Hong Kong and Singapore,” commented Anthony Fasso, AMP’s chief executive international and head of global clients, in a statement. “Since the post-Lehman shock, Asian investors have been interested in strategies that provide sustainable income and capital growth, which both real estate and infrastructure can provide.”

The move marks the latest effort by AMP to grow its footprint in Asia, following its joint venture with insurer China Life last year. Last January, the partnership raised $2 billion on the public markets for its first vehicle, the China Life AMP Money Market Fund.

The AMP Capital Global Listed Infrastructure Fund, which at the end of March had $897 million in funds under management and a three-year track record, focuses on energy, transportation, communications and water infrastructure. Along with its real estate cousin, it has boots on the ground in Hong Kong, London, Chicago and Sydney.