AMP looking nice on the short side, page-2

A very interesting perspective and certainly the chartist view would weigh favour in the short term. The commentary around regulation is always interesting and looking back at simpler super regulations, stronger super, FOFA these reforms are accompanied by industry negative commentary/sentiment but most of the larger industry players have got stronger through this. Generally speaking Superannuation administration/management is about scale and reforms will likely support this with boutique specialists catering for niche demographics/segments. AMP is one of those large vertical players positioned within Superannuation with the largest financial adviser force in the country and has come through other regulatory changes. While it has hit bumps in the road over the last 12 months in its insurance sector its long term fundamentals/positioning is strong and with a cost reduction program in full swing it should do well over time IMO. Cost of administering/funds on average are decreasing but given that a lot of these are based on a % of FUA/FUM increases in these balances through receiving 9% in compulsory contributions helps to boost profits. I'm looking forward to their next financial update and interim dividend announcement.