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...

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