AMP Capital Global Property Securities

Product Name

AMP Capital Global Property Securities

Issuer

AMP Capital NZ

Category

Investment

Type

Fund or Trust

Target

Retail, Wholesale, Institutional

Certified Since

2021

Asset Classes

International equities

Markets

New Zealand, Australia

Investment Approaches

ESG Integration, Engagement and voting

It Includes:

  • Riaa icons 32 Green property

It has some level of screening for:

    It fully excludes:

    • Riaa icons 35 Tobacco

    Overview

    The Fund provides investors with access to investment in listed real estate, primarily Real Estate Investment Trusts (REITs), listed on share markets around the world. Securities in which the Fund invests are diversified across a range of asset classes, property sectors and geographic regions, focusing on investments in Europe,the Americas and Asia Pacific.


    Description


    We are of the belief that real estate securities supported by a sustainable, well governed, business model and high-quality assets will outperform over the long-term. Environmental, social and governance (ESG) considerations are a central component to our portfolio construction and quality driven investment process. ESG considerations are directly addressed as part of the first stage (quality) of our three stage bottom-up process and will ultimately determine the size or how investible any position is.

    Within listed equities, AMP Capital uses a number of approaches to incorporate ESG considerations into the investment process. ESG integration is facilitated through a dedicated in-house ESG research team which undertakes analysis of ESG issues for the benefit of the various investment teams and styles. For Quant based funds, ESG information (research) is integrated via numerical ESG scores which are used to monitor ESG risk of the portfolios relative to the appropriate index. For the Australian Fundamental Equities portfolios, ESG is integrated into the stock selection process again through numerical ESG scores, providing a positive ESG bias relative to the relevant index. Qualitative ESG information is also considered by company analysts in developing company value (or Target Price) and call conviction. For AMP Capital’s both Global Listed Real Estate strategy and Global Listed Infrastructure strategy, the stock ranking system incorporates specific ESG performance criteria.

    The ESG company analysis which translates to an ESG score involves researching the following intangible drivers:

    Workplace
    > Employee Rights
    > Health & Safety
    > Employee Conditions
    > Employee Development

    Corporate Responsibility
    > Shareholders/Value Chain
    > Corporate Governance
    > Codes of Conduct and Policies
    > Commitment to Sustainability
    > Value Chain Management
    > Human Rights

    Environmental Responsibility
    > Product Life Cycle and Design
    > Biodiversity
    > Energy
    > Resource Use
    > Waste

    Social Responsibility
    > Community Involvement
    > Community Investment
    > Cultural Considerations
    > Public reporting

    The following sustainability drivers are also factored into the analysis and include competitive environment, externalities, industry growth and risk factors e.g. technology, regulatory, consumer and demographic changes, resource constraints, climate change.

    RIAA has received written undertaking from product issuer to update ESG-crtieria, assessed as part of certification, either at: 
    • Next roll of product collateral, Internal policy update and/or 
    • Next reporting/disclosure cycle


    Other products certified by the Responsible Investment Association Australasia (RIAA)

    AMP Capital Ethical Leaders Balanced Fund

    AMP Capital Ethical Leaders Conservative Fund

    AMP Capital Ethical Leaders Global Shares Fund

    AMP Capital Ethical Leaders Growth Fund

    AMP Capital Ethical Leaders Hedged Global Fixed Interest Fund

    AMP Capital Ethical Leaders NZ Shares Fund

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