August 31, 2016 11:11 PM ET

Capital Markets

Company Overview of AMP Capital China Growth Fund

Company Overview

AMP Capital China Growth Fund is an open-ended equity mutual fund launched by AMP Capital Funds Management Limited. The fund is co-managed by AMP Capital Investors Limited, UBS Global Asset Management, and China Life Insurance Assets Management Co. Ltd. It invests in the public equity markets of China. The fund invests in stocks of companies operating across diversified sectors. It seeks to invest in stocks of companies listed on China’s Shanghai or Shenzhen stock exchanges. The fund employs fundamental analysis with top-down and bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P/CITIC 300 Total Return index. AMP Capital C...

50 Bridge Street

Sydney, NSW 2000

Australia

Founded in 2006

Key Executives for AMP Capital China Growth Fund

Chief Financial Officer of Amp Capital Investors Limited and Director of Amp Capital Investors Limited
Head of Greater China Equities
Compensation as of Fiscal Year 2016.

AMP Capital China Growth Fund Key Developments

AMP Capital Plans To Sell Shares In The Underlying Portfolio

AMP Capital Investors Limited is planning to sell all the shares in the underlying portfolio of the fund. AMP Capital has issued a notice outlining details of how it intends to wind up AMP Capital China Growth Fund to shareholders. In the release it said, the RE (responsible entity) which is AMP Capital Funds Management, will sell all the underlying portfolio of China A shares (other than shares which are suspended or in trading halt) as soon as possible.

AMP Capital China Growth Fund Reports Earnings Results for the Six Months Ended June 30, 2016

AMP Capital China Growth Fund reported earnings results for the six months ended June 30, 2016. For the period, the company reported total investment loss of AUD 120,542,000 against total investment income of AUD 185,977,000 a year ago. Net loss attributable to unit holders before finance costs of AUD 123,059,000 against net profit attributable to unit holders before finance costs of AUD 185,582,000 a year ago. Net loss attributable to unit holders after finance costs was AUD 123,059,000 against net profit attributable to unit holders after finance costs of AUD 181,956,000 a year ago. Basic and diluted loss per unit was AUD 0.29 against basic and diluted earnings per unit of AUD 0.49 per share a year ago. Net cash inflow from operating activities was AUD 50,056,000 against net cash outflow from operating activities of AUD 767,000 a year ago. Net assets value at the end of the reporting period was AUD 0.98.

AMP Announces Series Of Enhancements

AMP Capital China Growth Fund (ASX : AGF) announced a series of enhancements in September, 2015 aimed at making the fund more attractive to new investors. In May, 2016 it released results of a second strategic review, including proposals to increase the flexibility of the fund's investment mandate, reduce fees and allow unit-holders to receive 100% of their annual distributions in cash.

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