Business
AMP tops chart for poor super performance – The Australian Financial Review
An annual review of the 100 largest super funds by robo-adviser Stockspot found AMP has the highest number of so-called “fat cat funds”.
The fund is managed by high profile AMP chief economist Shane Oliver and head of dynamic asset allocation Nader Naeimi, and was lauded as one of the country’s best-performing funds as recently as 2015.
“This is the first time over the eight years weve done this report that weve ever seen a balanced fund with negative five-year returns,” Stockspot founder Chris Brycki told The Australian Financial Review.
“The performance of this dynamic asset allocation fund puts to rest the idea that chief ec…
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