AMP Capital increases bets on global growth, even as bonds make a comeback

Tue, 17 Jul 2012

By Hannah Lynch July 17 (BusinessDesk) - AMP Capital Investors (New Zealand), which manages $12 billion worth of assets, has increased its bets on global growth, favouring share valuations even after bonds outperformed equities in the second quarter. AMP Capital's holdings of New Zealand fixed interest returned 3.9 percent in latest three months, second to property on 4.7 percent, while global fixed interest returned 1.8 percent. By contrast all of its share funds provided negative returns in the second quarter. That won’t last, the fund m...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets

MARKET CLOSE: Shares bounce on big banks boost

Dan Brunskill | Fri, 25 Sep 2020

Financial stocks led the market higher as the Australian government rolls back responsible lending rules.

Election 2020

Jones' last precious PGF drops

Brent Melville | Fri, 25 Sep 2020

Reefton Distilling Co gets $1 million from the Provincial Growth Fund as minister Shane Jones squeezes the last few drops from the vehicle before the election.

Listed Companies

Air NZ signals June 2021 capital raising

Victoria Young | Fri, 25 Sep 2020

Air NZ has already started drawing down from $900 million government loan facility.

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.