Biden versus Trump – the US presidential election is looming as the next big event for investors

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Key points The US election has significant potential to add to volatility in investment markets. A Trump victory will mean more of the same and would likely initially be more positive for US than global and Australian shares. By contrast a Biden victory may add to short-term volatility but this is likely to be short

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Weekly market update – week ending 25 September, 2020

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Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Australian shares managed a decent gain through the week with banks boosted by

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AMP Capital acquires infra tech fibre business VX Fiber

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AMP Capital has agreed to acquire a majority stake in VX Fiber, an international infra tech fibre business headquartered in Sweden, on behalf of investors in its infrastructure equity strategy. VX Fiber has existing operations in South Africa and the UK and is targeting an advanced pipeline of opportunities in the UK, Belgium, Austria and

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AMP Capital focuses on Asia Pacific with new infrastructure debt strategy

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AMP Capital has launched a new Infrastructure Debt Asia Pacific strategy to help investors from around the world capitalise on emerging growth opportunities in the region, as demand for basic infrastructure in developing economies continues to increase. The strategy will target infrastructure mezzanine debt opportunities in both developed and developing countries in Asia Pacific. A

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Australia’s “eye popping” budget deficit and public debt blow out – can it be paid off? Does it matter?

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Key points The Australian Federal budget next month will likely see a further blow out in the budget deficit due to the ongoing hit to tax revenue & more stimulus. We expect an “eye popping” 2020-21 deficit of around $230bn. Stepped up economic reforms will help grow the economy but are unlikely to drive a

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Top students head for finals showdown in the AMP University Challenge

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The finalists have been chosen to compete for the top prize in the AMP University Challenge finals next month. The teams and individuals, representing four universities and TAFE, were selected from more than 170 submissions across the country and will now head to Finals Day on 30 October. Now in its 10th year, the AMP University

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MyNorth Managed Portfolios surpass $1 billion FUM; client asset class holdings steady through COVID-19

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AMP’s MyNorth Managed Portfolios have grown to more than $1 billion in funds under management since launching in 2018. The portfolios, which provide clients with access to 33 diversified portfolios managed by leading investment managers, have experienced strong uptake through both AMP’s aligned adviser network and independent financial advisers. All MyNorth managed portfolio clients benefit

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Weekly market update – week ending 18 September, 2020

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Investment markets and key developments over the past week Share markets mostly rose slightly over the last week after two weeks of falls helped by reasonable economic data, anticipation of Fed dovishness, positive vaccine news and M&A activity. However, some of the gains were given up later in the week as tech stocks came under

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Infracapital and AMP Capital agree the sale of Adven to institutional investors advised by J.P. Morgan Asset Management

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Infracapital, the infrastructure equity investment arm of M&G Plc, and AMP Capital announce that they have agreed the sale of their combined ownership interest in Adven, a leading provider of clean energy solutions across the Nordics and Baltics, to institutional investors advised by J.P. Morgan Asset Management. Infracapital and AMP Capital have owned Adven since

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Coronavirus recession leads to biggest drop in Aust GDP on record (and worst since Great Depression)

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Australian GDP fell by 7% in the June quarter, which was worse than the latest market expectations (the economist consensus was for a 6% decline), but better than had been expected around April when many were forecasting a 10% or so decline. This is the worst quarterly GDP decline on record (the quarterly data only

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