INDEPENDENT NEWS

Local Hunger For Global Investment Prompts Launch

Published: Tue 25 Jul 2000 05:43 PM
MEDIACOM-RELEASE-AMP-ASSET-MANAGEMENT
Local Hunger For Global Investment Prompts Henderson Launch
The huge local demand for cost efficient global investments has prompted New Zealand's largest funds manager to introduce a suite of nine specialist Henderson Investor funds that utilise the recently amended Securities Act.
Established over 100 years ago, Henderson Investors is one of Britain's top investment houses, and is particularly well known for its award winning technology and sector specific funds. It was acquired by AMP Asset Management (AMPAM) in 1998.
AMPAM today announced it would be offering a selection of Henderson funds that would be fully supported by AMPAM in New Zealand. The funds being offered include the Global Technology Fund, the Ethical Fund and the Asian Enterprise Fund.
"The skyrocketing of the WiNZ fund has shown the local hunger for good, cost efficient global investments," said AMPAM managing director, Murray Gribben.
"Our recommended retail investment strategy is a core/satellite approach that combines a solid core of passive global investment, with a set of satellite investments in desirable areas. We believe that the Henderson products we are launching today make ideal satellite investments, giving investors the ability to target sectors or regions of good growth, such as technology or North America."
"Although only known in specialist circles locally, the Henderson Investors brand is highly regarded overseas, particularly in the European and American markets. They are very good at what they do and they have been doing it for a long time."
The full list of the Henderson Investors' funds being launched in New Zealand by AMPAM is as follows: the Henderson International Fund, the Henderson Global Bond Fund, the Henderson UK Capital Fund, the Henderson Asian Enterprise Fund, the Henderson Japan Fund, the Henderson European Fund, the Henderson Global Technology Fund, the Henderson Ethical Fund and the Henderson North America Fund.
Henderson Investors have over $225 billion in funds under management and are based in London. At the recent Investment Week Awards in Great Britain they received a record eight nominations and won two Fund Manager Of The Year Awards.
The Henderson Investors suite of products will be available through AMP Advisers in early August, and shortly thereafter, through brokers and financial planners.
ends.

Next in Business, Science, and Tech

KiwiRail strike notices withdrawn following new offer
By: Rail And Maritime Transport Union
Stress Tests Show Strengthening Bank Resilience
By: Reserve Bank
Building Activity Down In September Quarter
By: Statistics New Zealand
Deputy Governor Reflects On Time At RBNZ
By: Reserve Bank
Data Reveals ICT Expenditure Key To Small Business Sales Growth
By: Xero
Fonterra Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update
By: Fonterra
Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts
By: Canterbury Museum
View as: DESKTOP | MOBILE © Scoop Media