AMP is a diversified financial services company with primary operations in financial advice, including financial planning and wealth management.
A big part of its business is licensing other planning groups to provide advice. AMP also has capabilities in investing (AMP Capital), banking and, until recently, insurance.
AMP demerged its Private Markets business within the AMP Capital arm, which comprised infrastructure equity, infrastructure debt and real estate.
As part of this demerger, AMP also sold AMP Capital’s Global Equities and Fixed Income business.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.64% on Thursday.
The AMP Capital Global Infrastructure Securities Fund (ASX: GLIN) has plenty of appealing traits, but it doesn’t come without risk. Could it work for your portfolio?
With interest rates so low and expected to decline further, is the AMP Capital Global Property Securities Fund (ASX: RENT) a good option for income?
Just when investors thought it couldn’t possibly get any worse, AMP Limited (ASX:AMP) has sunk to a fresh low. Will the sale of the AMP Life business mark the beginning of a turnaround?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.24% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.88% on Thursday.
AMP Limited (ASX:AMP) shares went into a trading halt as the diversified financials business released its June 2019 report.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.08% on Wednesday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.56% at lunch.
