Shares in wealth manager AMP have surged after it reported an improved performance in recent months.
The company's wealth management operations achieved net cashflows of $476 million in the three months to September, more than doubling those for the same period a year ago.
Its assets under management rose to $105.2 billion in the September quarter, from $103.8 billion in the preceding three months, due to higher cash flow and good investment returns.
Chief executive Craig Moeller said AMP was enjoying solid momentum across the business.
"Our current range of products are performing well, the focus on Asia continues to deliver results and the performance of our insurance business is in line with guidance," he said.
AMP shares gained 17 cents, or 3.15 per cent, to $5.56, their largest one day rise in more than two months.
The company also said lapse experience across its insurance business was in line with best estimate assumptions, while claims were tracking ahead of best estimate assumptions.
Trading in other parts of the business, including corporate superannuation, capital and its banking operations, was also improved from the preceding quarter, AMP said.
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