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Colonial adds AMP Asia fund

  •  
By Alice Uribe
  •  
4 minute read

The AMP Capital Asian Equity Growth Fund has had a successful launch, being added to the Colonial First State FirstWrap platform and receiving a recommended rating from Lonsec.

The recently launched AMP Capital Asian Equity Growth Fund has been added to the Colonial First State FirstWrap platform, with more listings set to follow.

"At the moment it's just FirstWrap, but we are in discussions with a number of other platforms," AMP Capital Investors head of Asian equities Karma Wilson said.

The fund has received a recommended rating from Lonsec and is awaiting ratings from Morningstar and Van Eyk.

Wilson said the fund sought to provide investors with strong returns in the long term by investing in a portfolio of equities with both sector and geographic diversification.

 
 

"Investors looking to tap this potential realise international equity funds may not provide sufficient exposure. To access the growth markets of Asia it helps to have a dedicated fund managed by experts who understand the dynamics of the region," she said.

Investment opportunities for the fund are sought from across Asia, including Greater China, East and South-East Asia, and the Indian subcontinent.

Wilson said potential investors had responded well to the fund.

"We are currently undertaking a retail push around Australia and have had a lot of interest. There is a strong interest in Western Australia because of the resources boom and the connection with Asia," she said.

The institutional sector is also keen to get involved, with four Australian institutional investors flagging interest.

The fund outperformed its benchmark for China A shares by 2.2 per cent during the three months to 30 June.

AMP Capital Investors said China's strong economic fundamentals meant the fund was well positioned relative to other stock markets to benefit from a recovery in the global economy.