Joyce says AXA-AMP merger was behind the decision to let AMP Capital raises its stake in Chorus to up to 15%. The minister responds to the question - why not make AMP Capital sell shares?

The outlook for equity market investors is decidedly below par, the country’s largest fund manager says.

AMP Capital’s quarterly release of its results today comes with a glum assessment of prospects.

Most of the sectors AMP invests in showed a poor or negative return for the June quarter.

The company’s balanced fund fell 4% in value for the quarter and the growth fund fells 7.5%.

Clear evidence of the gap between economic projections and commercial reality faced by businesses was outlined in stark form by AMP Capital.

The country’s largest fund manager this afternoon released its latest quarterly results and they reflect the sizable turnaround in the economy which has happened over the past year.

“We’re in the fourth quarter of recovery already,” strategist Jason Wong pointed out in his briefing.

It isn’t just the environment that benefits from green star rated buildings – it can also add to the bottom line of companies that invest in the structures in the long run.

Although green buildings can cost more in the short term, they retain their value, several speakers at the NZ Green Building Council's Summit last week said.

Australian company Drapac invests only in sustainable buildings, and its funds manager Adam Murchie said that 70% of people reported in a recent UK study that fund managers did not take enough appropriate action on sustainability.