AMP awarded a silver rating from Morningstar

3 August 2015
For immediate release

AMP awarded a silver rating from Morningstar

Leading KiwiSaver provider AMP is pleased to announce it has again been awarded a Silver analyst rating from international rating house Morningstar – the highest rating awarded to a KiwiSaver scheme.

AMP received a silver analyst rating for its aggressive, growth, moderate balanced, moderate, conservative, balanced and default KiwiSaver funds for the second year in a row.

Jack Regan, Managing Director, at AMP New Zealand says: “We’re delighted to once again retain our position with a Silver analyst rating from international rating agency Morningstar.

“For our KiwiSaver customers who trust us with their retirement savings this is fantastic news for them to know they have confidently invested with New Zealand’s only default provider to achieve all three top KiwiSaver ratings for its funds - a Silver rating from Morningstar, a 5 Star Canstar Award for value and a Platinum rating from SuperRatings for providing value for money for the overall offering to customers. Combined with some of the lowest fees in the market and the advice we offer our customers, this means customers get to keep more of their retirement savings and will potentially have more to retire on,” continues Regan.

Elliot Smith, Analyst, at Morningstar said: “AMP’s KiwiSaver fields one of the most impressive multisector investment teams in the market…we continue to believe the team will deliver long-run risk-adjusted returns that better most peers'.”

Commenting on the team running the KiwiSaver funds Smith said: “Their deep investment thinking and grasp over the investment process induces confidence…AMP employs a highly diversified multimanager approach, with managers of varying styles appointed within each asset class. Diversification at the asset level is also high. Investment in commodities and emerging markets sets it apart from peers and can be a driver of relative performance.”

“Alongside AMP’s range of Silver rated funds, we also offer customers the flexibility of accessing a broad range of other leading fund managers including Fisher Funds, Nikko Asset Management and ANZ Investments,” concludes Regan.

ENDS

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