Sliding commodity prices

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In the attached paper, AMP Capital’s Head of Dynamic Asset Allocation Nader Naeimi examines the slide in commodity prices and what this means for economic growth and equity markets.   The key points are as follows: The recent rebound in equities has been dismissed by many as a rally driven by central bank liquidity, and

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AMP Capital announces early completion Wentworth Point development

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AMP Capital today confirmed that the first stage of its residential development at Wentworth Point in Sydney has been completed and fully sold, five months ahead of schedule. Stage Two is now under construction. AMP Capital’s Select Property Portfolio No. 3 (SPP3) holds a 25 per cent interest in the project alongside joint venture partners,

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AMP Capital completes successful capital raising for shopping centre fund

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AMP Capital has successfully raised $200 million from new and existing investors in the flagship AMP Capital Shopping Centre Fund. The equity has been raised from Australian institutions and a new mandate from a European pension fund. AMP Capital Shopping Centre Fund Manager Conrad Sinclair was pleased with the response to the capital raising launched

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AMP Capital adds to its global property portfolio

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AMP Capital’s Global Direct Property Fund (GDPF) has purchased a core office building in Tampa, Florida for US$32 million as well as an adjacent land site for US$2.5 million.  This acquisition follows the recent purchase of a Boston office property for US$17.6 million, announced last month.  With 180,000 square feet over 12 stories, the Two

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AMP Capital to invest in US wind energy project

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The new investment from AMP Capital, on behalf of a large Australian superannuation fund client, will help to fund the growth of the wind energy project portfolio.  AMP Capital is investing alongside the consortium of infrastructure investors, with EME continuing to manage and operate the wind farms.  Capistrano Wind Partners currently owns five operating projects

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AMP Capital receives concept plan approval for landmark Circular Quay site

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AMP Capital and Mirvac Group have welcomed the decision by the NSW Government to approve the concept plan for the development of 71-79 Macquarie Street, part of the iconic Circular Quay precinct. AMP Capital Managing Director Office and Industrial Property Louise Mason said the approved concept plan will feature a world class residential building and

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Weekly market & economic update

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Uncertainty continues regarding Spain and Greece. Spain is resisting applying for assistance for several reasons, including national pride, upcoming regional elections and the fact that 2 year borrowing costs remain affordable below 4%. Our view remains though that ultimately Spain will have no choice but to apply for help, but that uncertainty may continue for

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AMP Capital expands global fixed income team

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AMP Capital has expanded its global fixed income capability with the appointment of Portfolio Managers David Strouse and Patrick Wang to the credit markets team, based in Chicago. The hires bring AMP Capital’s credit markets team to 14 dedicated investment professionals and brings the total number of investment professionals in AMP Capital’s Chicago office to

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Investment Insight: investing in equities

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AMP Capital’s Head of Dynamic Asset Allocation Nader Naeimi examines the opportunities in investing in equities in a time of economic weakness and political uncertainty and what really are the prospects for strong market returns. Key points: The political backdrop has become a significant contributor to short-term market volatility, but the increased volatility is creating

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AMP Capital expands global infrastructure team

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AMP Capital has made senior appointments to its global infrastructure team. Manish Aggarwal has been appointed as Investment and Operations Director, based in London. Mr Aggarwal is responsible for a range of activities spanning transaction execution, due diligence, asset management and managing finance and business operations. He has over 17 years’ experience in principal investments,

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