16 April 2020
The COVID-19 coronavirus has caused significant volatility in financial markets, so we've taken some actions to ensure a fair approach for clients entering and exiting our funds.
AMP Capital's multi-asset group, which manages funds for AMP superannuation customers, has conducted a review of the unlisted assets it manages across infrastructure, property and private capital.
Following the review, AMP Capital has reduced valuations across private capital assets (-17%), unlisted property (-2% to -7.5%), and unlisted infrastructure (-6%).
What this means for clients
This revaluation will have a minimal impact on the investment performance within superannuation accounts, ranging from approximately -0.01 to -1.4 %. And our multi-sector funds are well diversified, generally having a lower weighting toward illiquid assets than others in the industry.
Ensuring a fair approach for clients
The revaluation of an asset simply means that its value is either increased or decreased to better reflect the underlying market value.
Unlike listed securities, which are priced continuously, unlisted assets are priced only periodically (typically monthly, quarterly or annually), which is why more frequent valuations are needed during volatile periods when market values move significantly.
We're here to help
If you have any questions, please contact us or speak to your financial adviser.
If you're experiencing financial hardship due to the impact of COVID-19, we may be able to assist you. Find out more on our COVID-19 support page.
This information is provided by AMP Life Limited ABN 84 079 300 379. It is general information only and hasn't taken your circumstances into account. All information on this website including this page is subject to change without notice. Before making any investment or financial decisions, you should consider reading the relevant product disclosure statement, available at amp.com.au, or by calling 13 30 30 the appropriateness of the information for your circumstances, financial situation and objectives, and seek professional advice. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
Any advice in this page is general in nature and is provided by AMP Life Limited ABN 84 079 300 379. It does not take into account your personal objectives, financial situation or needs. Therefore, before acting on this advice, you should consider the appropriateness of this advice having regard to those matters and consider the relevant product disclosure statement before making a decision about the product.
The information on this page was current on the date the page was published. As a result of changes to the business from time to time, including changes to product, product issuer, services, trust, trustees and other entities, the information may no longer be current. For up to date information, we refer you to the relevant product disclosure statement and product updates.