Business
AMP sells Global Companies Fund for $US500m – The Australian Financial Review
AMP Capital will sell its $644 million Global Companies Fund and its team of four investors to Canadian fund manager Fiera Capital.
The Global Companies Funds local institutional offering has achieved an absolute return over the first three years to March 31, 2020 of 92 per cent, net of fees.
Simon Warner, AMP Capitals global head of public markets, said the deal cemented the companys strategy to find the best opportunities for its global equities and fixed income businesses.
The Global Companies Fund had delivered great returns for our clients and I have no doubt that this will continue under new leadership, he said.
AMP Capital…
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