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...

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