AXA sales boost on anniversary

According to AXA Framlington, the company’s gross mutual fund sales are at a record high of £1.75bn for the 12 months to October 31 2006 compared to sales for the same period the previous year of £1.2bn. Framlington Group was acquired by AXA Investment Managers on November 1 last year. Since that time, overall assets under management (AUM) including institutional and offshore sales have increased by 72pc to £8.2bn. In particular, the company has seen strong sales in its non-UK unit trusts with the AXA Framlington Japan, AXA Framlington American Growth, AXA Framlington Emerging Markets, an...