AMP Capital facing shareholder anger over its China Growth Fund

Miles Staude

Global Value Fund

Two months ago, with the help of Livewire, we published an open letter to the Responsible Entity of the AMP Capital China Growth Fund (ASX:AGF). In our letter we highlighted that shareholder total returns have been less than half of the fund’s benchmark return since this fund was floated on the ASX. We also highlighted our deep concerns with the corporate governance at this fund to date and put forward a number of proposals that would improve returns for all unitholders. On Friday the ABC’s “The Business” program ran a story about the situation and our efforts to bring about positive change. This link is a recording of Friday’s program; the story begins at one minute and 30 seconds into the video. (VIEW LINK)

Miles Staude
Portfolio Manager
Global Value Fund

Miles has over 19 years’ of experience in trading, investment management and research, covering a wide range of financial markets. He is the Portfolio Manager of the Global Value Fund (ASX: GVF) and serves as a Director on the Global Value Fund Board

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