AMP (ASX:AMP) started scaling back private credit holdings within its diversified credit portfolio in 2025, Bloomberg News reported Tuesday, citing Stuart Eliot, AMP's general manager of investments.
The asset class was trimmed to around 2% of the company's portfolio in recent months from 2.5% earlier.
"The yield spreads were getting too low to justify the risk and the covenants were getting lighter," according to Eliot.
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