Business
‘It’s too late now’: why AMP missed the boat – The Australian Financial Review
The wealth management firm is continuing its track record of poorly timed or ill-thought strategic decisions with new chairman Debra Hazelton’s portfolio review, according to East 72’s Andrew Brown.
“The lost opportunity was index,” he said. “AMP could have become the biggest index/ETF/passive guys in Australia and potentially the region.”
Mr Brown said the company’s continued underperformance was a key reason AMP Capital failed to attract mandates. According to AMP’s latest investor report, external mandates in Australian equities make up just 1 per cent of the company’s external assets under management.
Selling the bank now is not a good idea at all. Selling that financial advisory busi…
-
Noosa News22 hours agoPill checking to resume in Queensland months after government axed funding
-
Noosa News19 hours agoQueensland girl Millie’s fight for life after magnets tore through her bowel
-
Business24 hours agoWhy Lynas, Mesoblast, PEXA, and Sayona Mining shares are tumbling today
-
Business24 hours agoBrokers name 3 ASX shares to buy today 29 August 2025