AMP has launched the Advantage Funds range.

AMP has launched the Advantage Funds range across its market leading wrap platforms, including MyNorth, North, Summit, iAccess, PortfolioCare and WealthView.

The new funds provide advisers and their clients with access to a greater breadth of high quality wholesale managed funds at lower ongoing management fees than equivalent wholesale funds.

The Advantage Funds range:

• is available to new and existing super, pension and investment clients
• includes 31 funds across Australian and global equities, fixed interest, property and infrastructure, and alternative investments
• includes popular wholesale funds from a range of respected fund managers
• offers discounted ongoing management fees compared with the underlying wholesale funds.

David Clark, AMP’s Head of Product Management commented, “AMP’s Advantage Funds offer advisers and their customers great value and ease of access to highly-rated investment products”.

“We’ve been able to take advantage of AMP’s scale and partnerships with leading fund managers to provide the funds at comparatively lower ongoing management fees, thereby supporting investment returns.

“The range is part of AMP’s broader commitment to offer high-quality platform and investment solutions to help customers achieve their investment and retirement goals,” said Mr Clark.

Investment options in the Advantage Funds range are available for use in AMP’s licensee models and will also be available in MyNorth Managed Portfolios being launched later in 2018.

AMP’s North platforms received net cashflows of A$5.7 billion in 2017, with assets under management growing to A$35 billion.

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