AMP Ltd
AMP: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.38 | Lllv | Cwss |
AMP's Intrinsic Value Underestimated Amid External Distractions; We Prefer Looking Longer-Term
Business Strategy and Outlook
AMP is focused on simplifying its business and reducing costs, with less emphasis on growth. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists and more transparent product/fee disclosures.