Business
Rising bond yields smash US tech, ASX to dive; Kogan doubles payout – The Sydney Morning Herald
The ASX 200 is tipped to dive in early trade after rising bond yields prompted a massive tech sell-off on Wall Street. The Aussie hit 80 US cents before cooling…
AMP would retain its international and Australian equities portfolio, valued at $900 million, which it said made a modest contribution to profits last financial year. These assets would be transferred to AMP Australia and the group would continue to actively explore sale options for its global equities and fixed income business.
AMP said in a statement the joint venture would enable the private markets business to benefit from Ares brand, investment and distribution capabilities.
The proposed partnership…
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