AMP Capital bets on beat up commodities and rising dollar

Mon, 20 Apr 2015

By Suze Metherell April 20 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion in assets, has remained overweight in commodities and cash, betting that beat-up prices of raw materials don't have much further to fall. The fund manager kept its key calls on hold from the previous quarter, staying overweight in cash and commodities, and underweight in bonds in the face of low yields globally, head of investment strategy Keith Poore told a media briefing in Wellington. AMP Capital was neutral on equities, listed prop...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Election 2020
ELECTION 2020: Labour needs Greens on latest One News poll
Pattrick Smellie | Mon, 28 Sep 2020

Labour needs the Greens to govern in the latest One News-Colmar Brunton poll, with the gap closing with National. NZ First hits a new low.

Markets
MARKET CLOSE: Shares flat as utilities soar while A2 plunges
Dan Brunskill | Mon, 28 Sep 2020

Shares flatlined as sharp drop from A2 Milk was cancelled out by a rally in electricity stocks.

Infrastructure
Ports of Auckland cuts dividend by three-quarters
Brent Melville | Mon, 28 Sep 2020

Ports of Auckland is delivering a smaller return to council as it deals with the impacts of the pandemic. 

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.