Axa has rolled out 56 more funds into its offshore investment bonds to boost its wealth management o...
Axa has rolled out 56 more funds into its offshore investment bonds to boost its wealth management offering.
Of these, 27 are Axa Investment Management or Framlington portfolios, which have been added to the Axa family range of funds.
The remaining 29 are from external providers and have been added to the select range. All are available through the group's Evolution and Estate Planning bonds.
The Framlington additions include the Financials fund, managed by Richard Peirson, UK Select Opportunities, managed by Nigel Thomas, Japan run by Anja Balfour and UK Smaller Companies, managed by Roger Whiteoak.
Phil Oxenham, offshore marketing executive at Axa, said a number of the group's fixed interest funds had also been offered to the offshore bond, including Axa UK Long Corporate bond, UK Long gilt and UK Sterling bond.
Meanwhile, two Axa funds that had previously only been available within the group's onshore bond have been extended to the offshore offering - Global Distribution and Global High Income.
Including the additions, there are now some 164 offshore platform funds available. External funds are offered from 30 groups.
The new funds coincide with a range of additions to Axa's onshore investment bonds.
Oxenham said: "The reason for the addition of funds is to increase choice for advisers and customers as well as greatly improving the number of common funds between our onshore and offshore propositions.
We are now at the stage where there is around 98% commonality between the funds offered onshore and offshore."
He added the aim was to minimise the number of compromises an adviser had to make on the selection of funds when choosing the most appropriate tax wrapper for a client.
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