AMP Ltd. (ASX: AMP) Ditches Government Bonds From Pension Funds, Shifts To Corporate Credit And Commodities

AMP Ltd. (ASX: AMP) Ditches Government Bonds From Pension Funds, Shifts To Corporate Credit And Commodities

AMP Ltd. (ASX: AMP), one of Australia’s largest asset managers, has removed government bonds from some of its retirement funds amid concerns over their diminishing role as a portfolio diversifier. The firm, which oversaw A$162 billion ($112 billion) as of February, no longer holds sovereign debt in retirement portfolios designed for younger investors. AMP has also cut bond allocations across other funds over the past six to 12 months, according …

AMP removes bonds from retirement funds as diversification fails

AMP's shift from bonds to gold in retirement funds signals a potential reevaluation of traditional diversification strategies amid market shifts. The post AMP removes bonds from retirement funds as diversification fails appeared first on Crypto Briefing.