AMP Capital Core Infrastructure Fund & Melbourne Airport Tour

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August 2017 – AMP CCIF Melbourne Airport Visit 

Angus Hordern of Hordern Wealth Management visited Melbourne Airport at the invitation of AMP Capital Investors where he had the pleasure of meeting with two of the AMP Capital Core Infrastructure Fund’s Key Investment Directors, John Julian and David Kenny, who is also a Director of APAC, Australian Pacific Airports Corporation.  These directors spoke at length about Melbourne Airport which represents the largest single investment within this fund, highlighting the following: –

  • Half of the fund’s investments are listed on the stock market and half are invested in real assets (e.g. the Melbourne Airport);
  • The fund has been running since 30 June 2007 and over the last decade has produced an average compound return in excess of 8% (which includes the downturn in the GFC);
  • The fund never stopped redemptions throughout the GFC (but simply postponed daily to monthly redemptions); and

Approximately half of the fund’s investments are in Australia and half overseas (with a tendency to have more overseas currently).

 

Federal Budget Summary – May 2017

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Angus Hordern from Hordern Wealth Management summarises key points from the May 2017 Federal Budget including: –

Non-Concessional contributions to Super for individuals aged over 65;

First Home Super Saver Scheme;

Marginal Tax Rates;

Medicare Levy Increase including Low-Income Thresholds;

Pensioner Concession Card Reinstated and more.

Click on the link below for Angus’s in-depth summary.

May 2017 – Budget Summary

Antipodes Named as Emerging Fund Manager of the Year

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Angus Hordern, Hordern Wealth Management – A key component of our current recommended portfolio, Antipodes Global Fund is named as “Money Management’s” Emerging Fund Manager of the Year 2017.

May 2017 Money Management Article – Antipodes Global Fund

Upcoming changes to superannuation

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These changes are amongst the most major in the last decade.

Whilst in retirement there will be a cap of $1.6 million that can be invested in tax-free pension phase, any accumulated funds over this threshold will still be able to be held in superannuation.

Full maximisation of the higher $540,000 non-concessional contribution limit using carry forward provisions must be done prior to 30 June 2017.