AMP Cuts Private Credit to 2% of A$159 Billion Portfolio as It Shifts Toward Infrastructure
Updated
Updated · Bloomberg · May 18
AMP Cuts Private Credit to 2% of A$159 Billion Portfolio as It Shifts Toward Infrastructure
1 articles · Updated · Bloomberg · May 18
AMP has reduced private credit in its diversified credit portfolio to about 2% from roughly 2.5%, after starting the pullback last year.
Stuart Eliot, AMP’s general manager of investments, said the A$159 billion Australian pension and wealth manager sees the private credit market as increasingly frothy.
The reallocation is steering money toward infrastructure and other assets, marking a broader investment pivot rather than a one-off portfolio tweak.
As the private credit market booms, why is a major wealth manager quietly stepping away?
Are cracks in the $2.1T private credit market signaling a wider financial threat?