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
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.
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.
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 managementThe principal is held in New Zealand dollars so foreign currency exposure is minimal.
Fund facts as at 31 March 2018
|Type of fund
||Managed fund. This fund is a Portfolio Investment Entity (PIE).
||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.
||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
||04 October 2011
|Minimum suggested timeframe
||Long term (minimum five years)
Bloomberg Commodities Index 100% hedged to the New Zealand dollar on a three year rolling basis.
Direct with AMP Capital, FNZ.
How to invest
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:
To find out more, read the application process document, contact a business development manager or call us on 0800 400 499
To invest, call us on 0800 400 499 or contact a relationship manager.
Product Disclosure Statements (PDSs) dated 3 April 2018 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, Meridian Building, Level 1, Queens Wharf, Wellington.