AXA flags growth strategy
AXA Asia Pacific has used the release of its full half year results documentation on the Australian Stock Exchange to flag a strategy based on growing adviser numbers both organically and by acquisition.
Detailing its plans, the AXA documentation declares that the company remains well-positioned to grow as markets evolve with Australia “offering significant growth opportunities”.
It said that it expected its growth to flow from the recent changes to superannuation, the leverage of its investment capabilities, growth in its distribution footprint and “further acquisitions of advice businesses”.
Looking at New Zealand, AXA said there had been fundamental market changes providing it with opportunities to leverage off Kiwisaver and that, as a company, it was “well-positioned as the largest retail wealth management provider to benefit from upcoming tax changes which will make mutual fund products more attractive”.
In late July, AXA Asia Pacific announced it had broken significant new ground with total inflows across Australia and New Zealand of more than $10 billion and net retail inflows up 53 per cent to $2.23 billion.
AUTHOR
Mike Taylor
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