General information
phone 04 494 2200
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phone 0800 400 499
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Institutional investors
phone 0800 400 499
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AMP Capital Commodities Fund

How the Fund works

The Commodities Fund aims to provide you with a diversified exposure to global commodities.

How does the Fund meet your needs?

A simple way of obtaining commodities exposure

A simple way of obtaining commodities exposure

The fund uses financial derivatives fully backed by cash held by AMP Capital to obtain its commodity exposure. Investors gain exposure to and benefit from investment in underlying commodities without actually having to own them.

Diversification

Diversification

The commodities exposure is linked to the Bloomberg Commodities Index, which covers a broad basket of commodity futures encompassing agriculture, livestock, precious metals, industrial metals and energy. The fund offers a way to diversify away from traditional global markets, as commodities historically have a low correlation to shares and bonds.

Return potential

Return potential

Provides you with the opportunity to benefit from the expected long term return potential associated with global commodities. The investment takes advantage of market inefficiencies in the pricing structure of commodities futures, resulting in an expected modest excess return pick-up over the Bloomberg Commodities Index.

Currency management

Currency management

The principal is held in New Zealand dollars so foreign currency exposure is minimal.

Fund facts as at 30 June 2017

Code NWCF
Type of fund Managed fund. This fund is a Portfolio Investment Entity (PIE).
Performance objective To provide a gross return above the return of the Bloomberg Commodity Index fully hedged to the New Zealand dollar on a rolling three year basis.
Investment approach The fund is managed using an excess return swap arrangement. The excess return swap exchanges the difference between the commodity index total return and the return on US cash.
Net fund size $156.7 million
Establishment date  04 October 2011
Minimum suggested timeframe Long term (minimum five years)
Benchmark Bloomberg Commodities Index 100% hedged to the New Zealand dollar on a three year rolling basis.
Platform access

Direct with AMP Capital, FNZ.

Risk indicators

Risk profile

How to invest

Read the Product Disclosure Statement.
Follow the set of instructions based on your client type.

Individual investors

Contact your financial adviser about investing in AMP Capital funds. Advisers can access our products through a number of platforms and wrap services.

Or, you can invest with us direct online:

Invest Online

Advisers

To find out more, read the application process document, contact a business development manager or call us on 0800 400 499

 

Institutional investors

To invest, call us on 0800 400 499 or contact a relationship manager.

 

Product Disclosure Statements (PDSs) dated 4 August 2017 for the offer of the AMP Capital Investment Funds have been lodged with the Registrar of Financial Service Providers. The Property, Infrastructure and Commodities Funds PDS can be obtained from our website and from the Disclose website www.business.govt.nz/disclose. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations. You can seek advice from a financial advisor to help you make an investment decision. The Manager and the Issuer of the Fund is AMP Investment Management (NZ) Limited, Ground Floor, 113 - 119 The Terrace, Wellington.