September quarter rocky: AMP

Amid international market turmoil, hedged global shares and global property securities had negative returns for the three months ended September, AMP Capital head of investment strategy Leo Krippner said. They fell 0.7% and 1.1% respectively.

New Zealand commercial property posted a 6.8% return, followed by 6.5% from unhedged global shares which received a boost from the lower currency.

New Zealand equities returned 1.9% for the quarter, and 7.7% for the year so far.

For the year to date, local commercial property led with a 28.3% return, compared with global property's 0.4% return.