05 May 2021 – Please be aware of scammers falsely representing AMP Capital. AMP Capital is aware of an ongoing scam operation targeting customers and the broader community, offering inflated interest returns available through fictitious investment vehicles titled the Capital Protected Fixed Income Government Fund and the Woolworths Group Fixed Rate Bonds. Through the use of phishing emails, malicious operators are sending falsified e-brochures to people in an effort to entice them to invest in a false product that features AMP Capital’s branding. Please be aware this is a not a legitimate product from AMP Capital.

AMP Capital does not approach potential customers via electronic direct mail (EDM) nor does the company solicit personal or financial information via email. 
If you are concerned that you may have been targeted by scammers, please contact us on 1800 658 404 from 8.30am to 5.30pm Monday to Friday (Sydney time).
More information on scams can also be found on the ACCC’s website Scamwatch.

Economics & Markets

Cryptocurrencies – Caution Needed

By AMP Capital

Cryptocurrencies are generating a lot of interest from investors – helped in part by a near 2000 percent in the value of market leader – Bitcoin, but AMP Capital’s Shane Oliver is sitting on the fence.

“No matter how many times its explained to me how it works I still struggle to completely understand it,” says Oliver, AMP Capital Head of Investment Strategy and Chief Economist. “One thing I always say to investors is if you don’t understand what you are investing in, stay away.”

The remarkable rise of Bitcoin also adds to his position of caution.

“It might sound very exciting but when something goes up by that much over such a short period, I usually get cautious because sooner or later it will come back down the other side,” Oliver says.

Cryptocurrencies such as Bitcoin, are digital currencies that are designed to be secure and often anonymous. The rise in their popularity and number of new entrants in this space has triggered regulators to act, to restrict them, most recently in China.

“My view is that you have to go in with your eyes open,” says Oliver. “I would be a bit sceptical as I would be with gold, but at least with gold I can touch it, I can see it, I know where it is and what it is. Whereas with this, it’s out there in cyberspace.”

  • Economics & Markets
  • Market Watch
Share this article

Important notes

While every care has been taken in the preparation of this article, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455)  (AMP Capital) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of AMP Capital.


This article is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.

Cookies & Tracking on our website.  We use basic cookies to help remember selections you make on the website and to make the site work. We also use non-essential cookies, website tracking as well as analytics - so we can amongst other things, show which of our products and services may be relevant for you, and tailor marketing (if you have agreed to this). More details about our use of cookies and website analytics can be found here
You can turn off cookie collection and/or website tracking by updating your cookies & tracking preferences in your browser settings.