AMP Capital NZ stays neutral on stocks, listed property, overweight on cash, foreign exchange

Jonathan Underhill
Tue, 30 Jan 2018

By Jonathan Underhill Jan. 30 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, remains neutral on stocks as equity benchmarks chart record highs, preferring to hold more cash, foreign currencies and alternative growth assets. The fund manager's latest quarterly strategic outlook broadly maintains the view of asset classes it set out last November and its forecasts for the next three years are broadly unchanged, with New Zealand's economic growth expected to average just under 3 percent a year for th...

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

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
PATTRICK SMELLIE: The first leaders’ debate changes nothing
Pattrick Smellie | Wed, 23 Sep 2020

Rarely in the last 40 years has a general election felt such a fait accompli as this one.

Opinion
DAVID CHAPLIN: When term deposits go bad
David Chaplin | Wed, 23 Sep 2020

Both the government and many investors are taking it slow on decisions to improve retirement savings returns.

Services
House of Travel: from record year to closing stores
Rebecca Stevenson | Wed, 23 Sep 2020

In 2019 House of Travel had turnover in excess of $2 billion. It's anything but business as usual now. 

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.