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AMP Shifts Billions From Frothy Private Credit
19 May
Summary
- AMP Ltd. is reducing its private credit investments.
- The firm is moving capital into assets like infrastructure.
- AMP manages A$159 billion in assets.
Australian wealth manager AMP Ltd. is decreasing its investments in private credit, citing market conditions as a key factor. The firm, which manages A$159 billion in assets, is shifting its capital allocation towards alternative investments like infrastructure.
This strategic adjustment reflects AMP's response to an increasingly frothy private credit market. By reducing exposure, the company aims to mitigate risks associated with potentially overvalued assets and capitalize on opportunities in sectors perceived as more stable or offering better returns.
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