The Tuvalu Trust Fund has selected AMP Capital's Multi Asset Fund to manage its 56 million US dollars.
The Multi Asset Fund is newly established and is aimed at both retail and institutional investors.
AMP Capital describes the fund as having a focus on risk management.
Financial Standard Online reports that the Multi Asset Fund targets a return of consumer price index + 5.5% over rolling five-year periods.
The Tuvalu Trust Fund was established in 1987.