06/09/2011
Craig Meller, managing director of AMP Financial Services, says the company’s flexible, superannuation product has attracted more than $3 billion since its launch on July 1 last year.
He declined to offer an opinion as to whether recent market volatility would push more superannuation members into cash.
“No one can predict the future,” says Meller.
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Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.
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