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High returns won't last: AMP fund

The country's largest fund manager predicts that the "exceptional" returns enjoyed during the past year are about to fall back to more normal levels.

Saturday, July 24th 2004

AMP Capital Investors yesterday revealed healthy returns on its funds for the June quarter, helped by a buoyant local equity market.

Its strategic NZ equities fund had a gross return of 5.6 per cent, taking its annual return to 25.9 per cent.

Chief investment officer Tore Hayward said the local markets had been helped during the quarter by rising global equity markets and a stronger-than-expected domestic economy.

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Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.39
SBS Bank Special 4.49
ICBC 4.49
Co-operative Bank - First Home Special 4.49
Unity Special 4.49
ASB Bank 4.59
ANZ Special 4.59
Nelson Building Society 4.59
Westpac Special 4.59
Nelson Building Society 4.87
BNZ - Std 4.89
Kiwibank Special 4.89
Unity Special 4.89
TSB Special 4.89
SBS Bank Special 4.89
ICBC 4.89
Kainga Ora 4.95
China Construction Bank 4.95
First Credit Union Special 4.95
ASB Bank 5.09
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Std 5.79
Co-operative Bank - Owner Occ 5.89
Kiwibank Special 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
Unity Standard 5.79

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