AMP Capital is a leading investment house with over $160bn in funds under management. We have a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi-asset solutions. Our experience and leadership across asset classes not only provides insights into ever-changing markets, but also means we are at the forefront of developing contemporary investment solutions for clients.
A home strength in Australia and New Zealand has enabled AMP Capital to grow internationally, and operations are now established in Bahrain, China, Hong Kong, India, Japan, Luxembourg, the UK and the US. AMP Capital collaborates with a network of global investment partners, leveraging insights to provide greater access to new investment opportunities.
Delivering outstanding investment outcomes is at our heart
Since we started life back in 1849 as the investment management arm of AMP Society, our commitment to deliver outstanding investment outcomes for our clients has been at the heart of everything we do.
Experience has taught us what matters most
With more than 160 years of experience managing clients’ money, we’ve learnt what matters most – that is, to build the trust of our clients. We’ve always believed that some of the best investment opportunities are created by truly understanding our clients’ needs. It’s this philosophy that explains the range of ‘firsts’ we’ve achieved on behalf of our clients, and why we’ve been at the forefront of developing contemporary investment solutions.
The whole is greater than the sum
We believe in expert investment teams coming together to discover the best possible insights and investment opportunities for our clients.
INVESTMENT PRINCIPLES AND STRATEGY
AMP Capital believes that successful investment in global real estate securities requires a fluid, globally integrated approach utilising local expertise to identify attractive investment opportunities.
This philosophy centres on the belief that real estate securities supported by a sustainable business model and quality assets, run by experienced and capable management, will outperform over the long term.
Successful property investment requires a rigorous and disciplined investment approach. Real estate securities around the world vary a great deal in terms of structures, geographies, governance regimes and real estate exposure. We believe successful global real estate investment requires local expertise in order to be positioned to predict trends and changing market conditions. As a result, our regional investment teams are situated in the following key markets:
- The Americas – Chicago
- Europe, Middle East and Africa (EMEA) – London
- Pacific– Sydney; and
- Asia – Hong Kong
By situating regional teams in local markets we are better positioned to predict trends and changing conditions.
In the short term, we believe that the performance of real estate securities is driven by the ‘marginal pricer’ – the primary market participants driving the stock price at a point in time. We believe that the marginal pricer of a stock differs not only at any point in time but is also different between points in time. As a particular marginal pricer may use a different valuation technique to other investors in the market, this can lead to mis-pricings between regions, countries, sectors and stocks.
Taking this into account, our investment approach allows for the flexibility in choosing which valuation technique is appropriate to capture the impact of the marginal pricer today, as well as the key turning points as to when the marginal pricer changes. Further, we believe that risk is asymmetric, frequently geometric and needs to be captured at every stage of the investment process. As a result, we have implemented an end to end, systematic risk management approach.
In summary we believe:
- Successful global property investment requires a globally integrated, rigorous and disciplined investment approach.
- Local expertise is a necessity in understanding local trends and changing market conditions.
- In the long term, real estate securities supported by a sustainable business model and quality assets, run by experienced and capable management, will outperform.
- In the short term, a flexible approach to valuation is needed to take advantage of mis-pricings between regions, countries, sectors and stocks.
- Risk is prevalent across a range of variables and needs to be carefully assessed at each point in the process.
STRATEGIC CORPORATE DEVELOPMENT
AMP Capital will continue to draw on its key competitive advantages which are as follows:
A market leader and pioneer in global listed real estate
AMP Capital is a pioneer in managing global listed real estate with more than 50 years’ real estate investment experience. Today we are among the world’s largest global real estate investment managers. The significant depth and breadth of AMP Capital’s investment platform creates significant information advantages and enables cross-fertilisation of investment ideas to provide our clients with innovation in this asset class.
A well-resourced and experienced team with local and global insights
We are one of the most experienced, well-resourced global real estate managers with investment professionals situated in Sydney, Hong Kong, London and Chicago. Our on-the-ground presence located close to assets and management teams provides insights into local trends and changing market conditions, while a cohesive glob- ally integrated team with secondary coverage enables us to exploit events locally, regionally and globally.
A rigorous and disciplined investment process with risk monitored and controlled at every stage
Our institutional approach to research, valuation and portfolio construction, combined with systematic risk management at each stage of the process, is designed to generate sustainable alpha and deliver superior investment outcomes to our clients.
Dedicated relationship management and outstanding client service
Our global client service platform and dedicated client relationship management teams in each region combine to deliver our clients world class service. Insightful reporting and regular engagement from our portfolio management team ensure our clients are kept abreast of activity within their portfolio, portfolio positioning and market outlook. Our scale allows us to offer separate account capabilities and tailored solutions to meet the specific needs of our clients.
Specifically, we add value for our clients through our:
- Best in class research process – By having on-the- ground experts in each key region, complemented by secondary analyst coverage, we look at all stock positions in a global context
- Best in class valuation process – The use of the marginal pricer allows our process to utilise various valuation techniques enabling increased opportunity to find alpha producing opportunities
- Best in class portfolio construction process – Our disciplined and investment process produces a clear and demonstrable portfolio construction process
