Assirt gives thumbs up to AXA

AXA/fixed-interest/property/joint-venture/international-equities/australian-equities/funds-management-business/investment-management/cent/

Assirt has given the thumbs up to AXA’s funds management business in its first research findings since AXA signed the joint venture with Alliance Capital Management in October last year.

Assirt says AXA is particulalrly strong in Australian fixed interest, mortgages and cash while its Australian equities, international equities and international fixed interest are rated strong. The only area it was marked weak was in listed property.

Ten of AXA’s 30 funds have been rated with the highest five star rating, 14 were rated with four stars, while the remaing five funds scored three or less stars.

Last year, AXA outsourced its investment management to Alliance Capital Management, a group in which it also has a 50 per cent stake. Since the joint venture, Assirt says AXA has improved its standing in its international equities, while the Alliance Capital move should improve the perception of the AXA funds in the marketplace, which a spokesperson for AXA says tended to be “poorly sold”.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS