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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 3.99
SBS FirstHome Combo 3.99
TSB Special 4.39
Co-operative Bank - First Home Special 4.39
ICBC 4.39
SBS Bank Special 4.49
Unity Special 4.49
ANZ Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Co-operative Bank - Owner Occ 4.49
Kainga Ora 4.49
ICBC 4.59
ANZ Special 4.69
BNZ - Std 4.69
Wairarapa Building Society 4.79
Nelson Building Society 4.87
Westpac Special 4.89
Kiwibank Special 4.89
Co-operative Bank - Owner Occ 4.89
Unity Special 4.89
TSB Special 4.89
Kainga Ora 5.15
ICBC 5.19
Westpac Special 5.29
BNZ - Std 5.29
SBS Bank Special 5.69
Co-operative Bank - Owner Occ 5.69
TSB Special 5.69
ASB Bank 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Westpac 5.89
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
Kainga Ora 5.69
Kiwibank 5.75

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