AMP Capital to boost infra focus even as asset value declines

23 April 2020 - 12:00 am UTC

AMP Capital will look at increasing its infrastructure investments in the coming months, it said today while reporting that its assets under management shrank in the first quarter amid plunging financial markets.

The fund manager’s AUM fell to AUD 192.4bn (USD 121.32bn) in the January-March period, a 5.3% drop from the previous quarter. This reflected lower returns on investment in global equity, debt and commodity markets in the final two weeks of March amid the COVID-19 ructions, Chief Executive Francisco de Ferrari said in the update.

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