AMP Capital global property fund rating unchanged: S&P
AMP Capital’s global property funds will retain their five-star rating following the departure of the company’s London-based co-portfolio manager, Standard & Poor’s Fund Services (S&P) has announced.
Timothy Gibson has resigned from AMP Capital Brookfield, while Tom Walker has been promoted to the head of the London office and has assumed the role of co-portfolio manager for Europe. According to S&P analyst Peter Ward, the research house decided “there was enough experience in the team to cover the departure”.
AMP Capital Brookfield expects to replace Gibson with a more junior analyst.
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.