Sumary of How is the AMP (ASX:AMP) share price performing against the financial sector in 2021?:
- The impact was primarily caused by net cash outflows which came to $12 billion for the quarter.
- In context, net cash outflows totalled $2.4 billion in Q3 FY20. In AMP’s New Zealand wealth management portfolio, AUM increased to $12.9 billion, up $300 million quarter-on-quarter.
- The sound result was driven by investment market gains which offset net cash outflows of $39 million.