AMP Limited Tops ASX 200 as AUM Climbs in September Quarter

Highlights:

• AMP Limited (ASX: AMP) shares surged 11.1% to AU$2.00 at the time of writing, making it the top performer on the ASX 200 after posting a strong September quarter update.
• The wealth manager’s total assets under management (AUM) rose 3.6% to AU$159.5 billion, driven by platform flows jumping 4.4% and net cash flows increasing to AU$1.2 billion.
• AMP’s digital banking arm, AMP Bank GO, expanded its offerings with new savings and joint accounts, as CEO Alexis George highlighted prudent loan management and innovative customer rewards.

AMP Limited (ASX: AMP) emerged as the best-performing stock on the ASX 200 after reporting a 3.6 percent increase in assets under management (AUM) for the September quarter, at the time of writing. Shares jumped 11.1 percent to AU$2.00 by 12:25 pm AEDT, extending their 12-month gain to roughly 44.3 percent.

Surge in Platform Flows Drives Growth

The wealth manager posted a total AUM of AU$159.5 billion for the quarter, up from AU$153.9 billion in the prior quarter. Its platform assets, which sit at the core of its business, rose by 4.4 percent—from AU$83.2 billion to AU$86.9 billion—boosted by stronger net cash flows that surged from AU$750 million (year-on-year) to AU$1.2 billion.

In its superannuation and investments division, AUM increased from AU$58.5 billion to AU$60.6 billion. Though the business still saw a net outflow of AU$241 million, this was an improvement over the AU$334 million outflow in the same quarter last year. Elsewhere, AMP’s New Zealand wealth arm recorded net inflows of AU$64 million, with AUM steady at AU$12.2 billion. Its banking unit also made modest gains: the loan book rose from AU$23.5 billion to AU$23.8 billion, while deposits climbed from AU$20.5 billion to AU$20.8 billion.

Strategic Moves and Outlook

AMP Chief Executive Alexis George noted that the firm is pioneering a cashback rewards program designed to help super members grow their balances, in partnership with the Citro rewards platform. She also emphasized that the company is “prudently” managing AMP Bank’s loan exposure. On the innovation front, AMP recently introduced new features for its digital banking arm, AMP Bank GO, including a savings account (launched in July) and joint accounts (rolled out earlier this month).

Market Reaction & Competitive Context

Investors responded favorably to the results, bidding AMP shares higher and highlighting confidence in its business momentum. Similar coverage can be found in financial outlets such as Capital Brief, Proactive Investors, and Financial Standard — indicating that this development has been reported across multiple financial news platforms. As AMP continues to strengthen its platform flows and innovate in banking services, the market will be watching for sustained cash inflows and profitability across its segments.

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