AMP Trims ‘Frothy’ Private Credit Assets in Investment Pivot

MarketsAMP Trims ‘Frothy’ Private Credit Assets in Investment PivotFacebookXLinkedInEmailLinkGiftExpandAMP Ltd. signage on Quay Quarter Tower in Sydney, Australia.Photographer: Lisa Maree Williams/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Amy BainbridgeMay 18, 2026 at 9:36 PM UTCBookmarkSaveAustralian pension and wealth manager AMP Ltd. has been scaling back its exposure to private credit, citing an increasingly frothy market as its shifts money toward assets such as infrastructure.The A$159 billion ($114 billion) firm began trimming private credit holdings within its diversified credit portfolio last year, according to Stuart Eliot, AMP’s general manager of investments. The asset class — which includes both local and global credit — accounted for about 2.5% of the company’s portfolio before being wound back to roughly 2% in recent months.