Higher risk funds pay­ing div­i­dends

South Waikato News - - RURAL DELIVERY -

AMP Cap­i­tal’s bullish view of eq­ui­ties, and New Zealand stocks in par­tic­u­lar, has paid off for the in­vest­ment man­ager’s higher risk funds.

The sub­sidiary of Aus­tralasian wealth man­ager AMP said its growth fund re­turned 6.4 per cent in the three months to Septem­ber 30 on a be­fore fees and tax ba­sis. In the year end­ing Septem­ber it re­turned 17.7 per cent.

As an in­sti­tu­tional fund man­ager, AMP Cap­i­tal’s fees are de­ter­mined on a cus­tomer size ba­sis, and once fees are fac­tored in, the growth fund re­turned 6.11 per cent on the quar­ter, and 16.4 per cent on the year.

That com­pares to the 13.4 per cent growth of New Zealand eq­ui­ties in the third quar­ter.

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