Adviser Update

Changes to the AMG multi-manager investment options

On 6 June 2022, the AMG multi-manager investment options are expected to close to new investments. Existing holdings in the AMG multi-manager investment options will subsequently be transferred to the AMG index investment options. Members invested in the AMG multi-manager investment options will be notified of these changes via a significant event notice and accompanying flyer.

How will this change affect members?
Whilst the AMG multi-manager investment options are expected to close on 6 June 2022, the transition process will likely not be completed until 20 June 2022. Table 1 in the significant event notice sets out the important target dates for the transition. Advisers should familiarise themselves with these dates as they may impact any plans you have to perform certain account actions, such as redemptions or switches from the AMG multi-manager investment options.

We also encourage advisers to read the flyer which compares the AMG multi-manager options to the replacement AMG index investment options. The flyer compares investment option characteristics such as estimated indirect cost ratio, buy-sell spreads, and asset allocation.

Why has this decision been made?
As part of a recent review of the AMG multi-manager investment options the Trustee of AMG Super concluded that fees could be improved for members invested in these options. By moving to the AMG index investment options, which have a passive investment strategy, it is expected that members will receive a reduction in indirect costs associated with their selected options.

How can I find out more?
Further information regarding the AMG index investment options can be viewed by visiting our website at www.amgsuper.com.au/managed-funds

For more information view the AMG index investment options flyer Download

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PO Box 3528, Tingalpa DC, QLD 4173

1300 264 264

info@amgsuper.com.au

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