|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||3.3700 - 3.3700|
|52-week range||2.8000 - 5.3700|
|Beta (5Y monthly)||0.88|
|PE ratio (TTM)||21.60|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||17 Sept 2020|
|1y target est||N/A|
Net cash outflows at AMP's main wealth management business was A$1.4 billion ($1.05 billion) in the three months to September, lower than A$1.8 billion in the same period last year. However, assets under management at the unit was little changed at A$131.2 billion as the broader market situation improved, the company said. It is undergoing a restructuring, with plans to spin off its asset management arm's private markets business in the first half of next year.
AMP Limited ( ASX:AMP ) shareholders should be happy to see the share price up 14% in the last month. But spare a...
The move comes after AMP decided in April to spin off its asset management arm's private markets business and focus on its wealth management units following U.S.-based Ares Management Corp's failed bid to buy the whole company. Under the new model, AMP will introduce a fresh service and fee structure for its advisers and stop owning client relationships. It will instead release "institutional ownership from AMP Financial Planning to advisers", it said.