AXA extends SmartBeta offering
AXA Investment Management has launched a new product into the Australian market aimed at helping Australians overcome longevity issues.
The new product, the AXA IM Global Smart Equity pooled fund, is aimed at investors in the post-retirement phase and has extended AXA's SmartBeta range with the launch of the AXA World Fund Global SmartBeta Equity Fund.
AXA IM's director for Australia and New Zealand, Craig Hurt, said Australia’s ageing population required smarter strategies that would make their money work harder for longer.
He said the AXA WF Global SmartBeta Equity product was a long-term equity investment strategy that aimed to efficiently deliver an improved total risk/return profile for investors.
The company said the strategy was designed to achieve 100-200 basis points annualised excess return, with approximately 80 per cent of the market volatility, over the full market cycle.
Recommended for you
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
