INsights Papers
INsights is a series of research and opinion papers from a range of AMP Capital's investment specialists.
The clean energy future plan: an investor's perspective
15 July 2011
- Securing a Clean Energy Future - The Australian Government's Climate Change Plan was announced on Sunday, 10 July 2011 – generally referred to as the Clean Energy Future Plan (CEFP).
- The CEFP maintains many core elements of the previously proposed Carbon Pollution Reduction Scheme (CPRS).
- There are some exceptions in terms of household and industry assistance, and various uncertainties remain that could change during the Parliamentary process.
- In terms of company-specific impacts, the main drivers relate to companies? ability to pass on the carbon price to customers, abatement opportunities and free permits. Our initial analysis indicates most companies would not be significantly impacted by the carbon price in the short term.
View The clean energy future plan: an investor's perspective (PDF - 117 Kb)
The Credit Clock: revisiting sovereign debt
6 July 2011
- Ongoing global debt issues in both sovereign and corporate markets have prompted a return to the credit clock, 6 months on from our first analysis.
- Having reviewed and analysed our data sets, in our view the recovery in Australia will remain slower than expected.
- Australian credit remains attractive on a yield basis, in terms of the relative strength of the Australian economy, and on the strength of Australian balance sheets (which to date have not been dependent on M&A activity for funding).
View The Credit Clock: revisiting sovereign debt (PDF - 584 Kb)
Infrastructure: add value and resilience to your portfolio
19 January 2011
- Infrastructure assets are underappreciated by investors, particularly the unique benefits infrastructure can bring to their investment portfolios. So what are the benefits of infrastructure investment for your portfolio?
View Infrastructure: add value and resilience to your portfolio (PDF - 188 Kb)
