April 22 (Reuters) – AMP Ltd said on Thursday
assets under management at its Australian wealth management
business increased by A$1.6 billion ($1.24 billion) in the first
quarter on better market conditions and lower outflows from
pension fund mandates.
Assets under management at the unit jumped to A$125.7
billion in the three months ending March from A$124.1 billion at
the end of December.
($1 = 1.2905 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by
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