AMP launches low fee fund range

The listed financial services giant launched its Advantage Funds range today, which has been available on its MyNorth, North, Summit, iAccess, PortfolioCare and WealthView platforms.

The range includes 31 funds across Australian and global equities, fixed interest, property and infrastructure and alternatives, and includes “popular wholesale funds from a arrange of respected fund managers”.

It also offers “discounted ongoing management fees compared with the underlying wholesale funds”, according to a statement from AMP.

“AMP’s Advantage Funds offer advisers and their customers great value and ease of access to highly-rated investment products,” said AMP head of product management David Clark.

“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.”