AMP reports fall in NZ AUM
AMP’s assets under management in New Zealand have fallen, which the company is ascribing to a weaker New Zealand dollar.
Thursday, October 24th 2019, 2:33PM
It has reported its AUM and cashflows for the third quarter, showing growth in Australian wealth management.
In New Zealand, wealth management AUM was down slightly to A$11.8 billion ($12.59 billion).
In the first quarter of this year it was A$11.9 billion.
It had net cash outflows of A$0.1 billion compared to A$0.1 billion in net inflows in the same period of 2018.
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