Investment growth in Asia By AMP Capital
20132
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Investment growth in Asia By AMP Capital

AMP Capital is a global investment manager with A$200b in assets under management (AUM)[1]. Our growth is continuing, with AUM up A$9.1b in the past year[2].

One area where we have seen extraordinary growth is the Republic of Korea (ROK). Our real assets capability, including investments in our infrastructure debt, infrastructure equity and real estate capabilities, have reached subscriptions of A$3.0b[3], delivering a strong result for over 30 of the top 50 institutional clients in ROK.

The pace of successful growth between Australia and the ROK (investment has grown from A$600m to A$49b over the last 15 years[4]) makes the ROK a case study for AMP Capital’s Asian expansion, including our further expansion plans into Taiwan and Singapore, and supporting our vision of becoming a global preeminent investment manager.

As the Korea-Australia Free Trade Agreement and initiatives like the New Colombo Plan are helping to advance economic growth and social development in the region, they are also strengthening opportunities for investors. The ROK is Australia’s third largest export market and fourth largest two-way trading partner[5]. Its economy is dominated by electronics, telecommunications, automotive, chemicals and steel production, however there are potential opportunities in many industries such as financial services and fintech, medical and biotech, premium food and beverages, education and energy.

AMP Capital is a seasoned investment manager in Asia and was one of the first Australian companies granted a QFII licence to trade China A shares. Our team, of more than 1,100 people, thrives on deep experience and strong collaboration across the Asia-Pacific region. We are building on long-term relationships and bringing new capability to the region; for example, in real estate debt, REITS and infrastructure debt, and pathways for Koreans to invest in Australia. As a leading player in one of the largest pension markets[6] in the world, we are also supporting countries like Korea and Japan as their pension markets mature.

Our Managing Director Asia-Pacific Region is Craig Keary, who is also currently a Director of AMP Capital Investors Japan KK, AMP Capital Advisory (Beijing) Limited, AMP Capital Investors (Hong Kong) and on the board of the Australian Japan Business Cooperation Committee. Throughout his career, Mr Keary has been actively involved in driving forward-thinking solutions that better serve the needs of customers and move with the pace of a rapidly changing industry. He is currently undertaking a PhD in Financial Planning, focusing on the drivers of customer behaviour and happiness, and how these link with successful financial planning.

Key members of our Korea team include Brian Lee, Senior Director Asia, and HyoJin Kim, Manager, who actively manage AMP Capital’s Asia distribution out of Hong Kong. Mr Lee and Ms Kim bring 18 years’ collective experience working directly in the ROK market.

 

Important note

While every care has been taken in the preparation of this document, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs.

This document is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of AMP Capital.

 

[1] As at 30 June 2019

[2] 30 June 2018 to 30 June 2019

[3] As at 27 August 2018

[4] Source: DFAT South Korea Factsheet 2019

[5] Source: DFAT South Korea Factsheet 2019

[6] Source: Austrade, Global Pension Asset Study 2019