AMP has reported a fall in its wealth management assets under management (AuM) due to market turbulence triggered by the Covid-19 crisis.
In the Australian wealth unit, AuM totalled A$116.3bn ($73.7bn) at the end of March 2020. The AuM at the business was A$134.5bn at December-end 2019.
The business recorded net cash outflows of A$1.9bn in Q1 2020.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData