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 News12 hours agoBondi Beach terror attack: Police investigate threat against Westfield North Lakes in Queensland
-
General23 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
Noosa News22 hours agoE-Scooter accident | Noosa Today
-
General20 hours agoCoalition ‘flabbergasted’ by Labor’s response to calls for royal commission into antisemitism