AMP becomes first super fund in Oz to invest in crypto – is it just a PR stunt?

The Market Herald12-13

AMP (ASX:AMP) has become the first super player in Australia to make a strategic investment in crypto as the asset class goes mainstream. According to off-market reports, AMP has made a fairly small ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491931682?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 13:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491931682","market":"hk","top_or_hot":-1,"title":"AMP becomes first super fund in Oz to invest in crypto – is it just a PR stunt?","media":"The Market Herald","content":"<div>\n<p>AMP (ASX:AMP) has become the first super player in Australia to make a strategic investment in crypto as the asset class goes mainstream.\nAccording to off-market reports, AMP has made a fairly small ...</p>\n\n<a href=\"https://themarketonline.com.au/amp-becomes-first-super-fund-in-oz-to-invest-in-crypto-is-it-just-a-pr-stunt-2024-12-13/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMP becomes first super fund in Oz to invest in crypto – is it just a PR stunt?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMP becomes first super fund in Oz to invest in crypto – is it just a PR stunt?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 13:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/amp-becomes-first-super-fund-in-oz-to-invest-in-crypto-is-it-just-a-pr-stunt-2024-12-13/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMP (ASX:AMP) has become the first super player in Australia to make a strategic investment in crypto as the asset class goes mainstream.\nAccording to off-market reports, AMP has made a fairly small ...</p>\n\n<a href=\"https://themarketonline.com.au/amp-becomes-first-super-fund-in-oz-to-invest-in-crypto-is-it-just-a-pr-stunt-2024-12-13/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMP.AU","symbol_name":"AMP LIMITED","start_time":0,"source_url":"https://themarketonline.com.au/amp-becomes-first-super-fund-in-oz-to-invest-in-crypto-is-it-just-a-pr-stunt-2024-12-13/","article_id":"2491931682","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491931682","pubTimestamp":1734068160,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"AMP  has become the first super player in Australia to make a strategic investment in crypto as the asset class goes mainstream.According to off-market reports, AMP has made a fairly small investment in the asset class as far as the global pool of crypto money goes – just $27 million.But, enough of a sum to underscore a kind of internal risk-on attitude at the wealth company.That risk-on approach AMP is willing to adopt has not been industry-wide. And, in the mind of this finance journalist at least, one could be excused for wondering if AMP’s crypto investment is more of a public relations exercise.I bring up public relations stunts as an explanation  given this move has probably put AMP firmly on the radar for younger Australians watching a different flavour of charts rise and fall each day.The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified fina","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMP.AU":"AMP LIMITED","PR":"Permian Resources Corp","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","BK4585":"ETF&股票定投概念","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4135":"资产管理与托管银行","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4213":"石油与天然气的勘探与生产","BK4588":"碎股","BK7112":"其它综合性金融服务","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","AMP":"阿莫斯莱斯金融"},"translate_title":"AMP成为澳大利亚第一只投资加密货币的超级基金——这只是一个公关噱头吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMP":1,"AMP.AU":1,"PR":1},"content_text":"AMP (ASX:AMP) has become the first super player in Australia to make a strategic investment in crypto as the asset class goes mainstream.\nAccording to off-market reports, AMP has made a fairly small investment in the asset class as far as the global pool of crypto money goes – just $27 million.\nBut, enough of a sum to underscore a kind of internal risk-on attitude at the wealth company. \nThat risk-on approach AMP is willing to adopt has not been industry-wide. And, in the mind of this finance journalist at least, one could be excused for wondering if AMP’s crypto investment is more of a public relations exercise.\nI bring up public relations stunts as an explanation (or at least a positive side-effect) given this move has probably put AMP firmly on the radar for younger Australians watching a different flavour of charts rise and fall each day.\nIt mightn’t hurt AMP to brand itself as ‘in touch’ with a younger crowd, especially when you consider the stock has been hurting since 2018, back when shares were $5/ea.\nOf course, a lot of people are making a lot of money off crypto, too.\nOther large super funds have already on Friday indicated they’re not too keen to follow in AMP’s footsteps, given only a few years ago Bitcoin ‘tried’ to go mainstream if you will and failed as prices crashed again through 2022 to 2024.\nPerhaps unsurprising for Australia, a well-entrenched hesitancy to experiment with new things is palpable.\nBut that position is also, arguably, very rational – especially from any manager whose confidence in the world of crypto doesn’t match that confidence they boast for public equities. \nAnd it really should be kept at the forefront of the mind AMP’s $27M investment represents less than 0.10% of its total funds under management. \nI don’t think anyone would disagree it’s effectively an experiment from a company that is – and this is kind of the point if you’re managing a lot of people’s money – on the whole, quite boring. \nAMP last traded at $1.59/sh.\nJoin the discussion: See what HotCopper users are saying about AMP and be part of the conversations that move the markets. \nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491931682"}