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AMP's Australia wealth business' assets under management rise by $1.2 bln

April 22 (Reuters) - AMP Ltd said on Thursday assets under management at its Australian wealth management business increased by A$1.6 billion ($1.24 billion) in the first quarter on better market conditions and lower outflows from pension fund mandates.

Assets under management at the unit jumped to A$125.7 billion in the three months ending March from A$124.1 billion at the end of December. ($1 = 1.2905 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Ramakrishnan M.)

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