How the Fund works
The New Zealand Short Duration Fund aims to provide a consistently good income using a combination of interest rate and investment grade credit strategies. It targets a shorter average duration (and maturity) than traditional fixed income funds, and its risk/return profile should place it between a cash portfolio and a standard fixed income portfolio.
How does the Fund meet your needs?
The goal of the fund is to generate a return for you by investing in a variety of fixed interest securities that produce an attractive and consistent income stream.
Reduced market sensitivity
The combination of the short duration benchmark and the use of fixed interest risk management tools mean the fund’s capital value is not as sensitive to changes in market interest rates as traditional longer term fixed income portfolios. This means the performance of the fund will be less volatile as interest rates change.
The fund specifically targets credit risk and interest rate risk as a source of return. By investing in different fixed interest strategies, you are able to spread portfolio risk and improve your return.
Fund facts as at 30 June 2017
|Type of fund
||Managed fund. This fund is a Portfolio Investment Entity (PIE).
||The objective of the NZ Short Duration Fund is to provide a Gross Return of 1% above the return of the Bloomberg NZBond Swaps 1–3 Yr Index on a rolling three year basis.
||The NZ Short Duration Fund aims to give investors exposure to fixed interest securities, including corporate bank, local authority and SOE bonds, mortgage and asset-backed securities, infrastructure debt, government bonds, credit default swaps, interest rate swaps, cash and cash-like securities.
|Net fund size
||29 June 2007
|Minimum suggested timeframe
||Medium term (minimum three years)
Six monthly (March and September)
Bloomberg NZBond Swaps 1–3 Yr Index
Direct with AMP Capital, Aegis, 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 4 August 2017 for the offer of the AMP Capital Investment Funds have been lodged with the Registrar of Financial Service Providers. The Cash and Fixed Interest 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.