KM Financial Solutions | Australia’s AMP reports $12.2 bln virus-driven hit to AUM at investment arms
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Australia’s AMP reports $12.2 bln virus-driven hit to AUM at investment arms

Australia’s AMP reports $12.2 bln virus-driven hit to AUM at investment arms

Australia’s AMP Ltd reported
on Thursday a A$19.4 billion ($12.22 billion) decline in assets
under management across its wealth management business in the
first quarter as the coronavirus pandemic wreaked havoc on
markets.

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