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when will AMP HIT $3.00, page-2155

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Helmich

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04/08/20

15:10

Post #: 46293692
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Originally posted by primer: ↑

AMPlaunches new managed portfolios
BY JAMIE WILLIAMSON | TUESDAY, 4 AUG 2020 1:08PM
AMP islaunching a new range of managed portfolios, available on its flagship MyNorthplatform.
The activelymanaged IndexPlus range blends a low fee with low-turnover index-basedinvestments, AMP said.
he range includesfive products with varying risk profiles: IndexPlus Conservative, IndexPlusModerately Conservative, IndexPlus Balanced, IndexPlus Moderately Aggressiveand IndexPlus Aggressive.
"The IndexPlus range combines the benefits of active andpassive strategies into a unique, low-cost investment, delivered simply andefficiently through MyNorth," AMP director of wrap product Shaune Egansaid.

https://www.financialstandard.com.au/news/amp-launches-new-managed-portfolios-169920870

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This why AMP are going to suffer margin compression. They need to set up managed portfolios to stem the flow into competitor's products but it is going to result in lower revenue. They are playing catch up with managed portfolios when other companies have been doing this for years. These are only index funds too by the looks of it so its a bit ho-hum IMO.
AMP Price at posting: $1.46 Sentiment: Sell Disclosure: Held
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