Fund overview
The Term Advantage Fund is a passively managed fund, with all investments held in a New Zealand dollar denominated bank deposit with a New Zealand registered bank with a minimum Standard and Poor’s credit rating of AA. Currently, that bank is Rabobank.
Key features
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Aims to provide investors with pre-tax returns similar to a bank deposit, but generally with a maximum final tax rate of 28%.
Please note the Term Advantage Fund prospectus was registered on 21 September 2012, a copy of which can be found under the Manager’s name on the Companies Office website.
Performance
AMP Capital is a manager of a wide range of products suitable to a variety of investors including superannuation schemes, charities,
corporates and individuals. Should you require any further information, please contact us on 0800 400 499 or email clientservicecentre@ampcapital.co.nz.
Our fund performance figures are shown before tax, before fees and assume that income is reinvested.
View information on entry fees, exit fees and distributions.
Neither AMP Capital Investors (New Zealand) Limited , 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. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.
Rates as at 16 May 2013
Investors should consider the Term Advantage Fund Investment Statement before making any decision regarding the product.
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Term* |
Rate
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|
Three months |
3.25%
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Six months |
4.00%
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|
One year |
4.10%
|
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Minimum deposit is New Zealand $5,000 or as otherwise authorised by AMP Capital Investors if accessed through an administration and custodial service.
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All returns are paid at maturity and/or, if the term crosses over 31 March, at year end for Portfolio Investment entities (31 March).
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Returns are not compounded.
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Rates of return are before tax.
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Rates are not available to financial institutions.
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Rates are subject to change.
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For more information about this fund see the Term Advantage Fund Investment Statement.
* In certain instances, the actual term available is subject to a five working day sensitivity. Accordingly the actual term may differ by five working days from those terms listed. Please note that where this occurs, the applicable rate described will be unchanged.