Axa grows assets under management by 25%

Assets managed for institutional investors and distributors were up 43%, compared to 37% in 2004 and 33% in 2003. Fixed income represented 50% of assets under management, equities 31%, with the remainder being alternatives. Nicolas Moreau, chief executive officer at Axa Investment Management, said: “2006 will see the business continue to expand in Continental Europe and Asia, with opportunistic growth in the US and the completion of the integration of Axa Framlington in the UK which will continue to enhance our offering to clients.”