Growth on its Elevate platform and within the Architas investment division helped Axa Wealth boost its assets under management (AUM) by 15% year-on-year in Q3.
The business' total AUM grew from £18.3bn to £21.0bn, with Elevate AUM up from £3.1bn to £4.8bn and Architas AUM up from £8.7bn to £11.3bn Meanwhile, AXA Wealth's sales totalled £2.5bn, with 50% of business being placed on platform. Within its corporate investment services, AUM rose 15% to £2.7bn, while offshore funds under management grew 4% to £8.1bn. Pensions and onshore bonds assets under management grew from £5bn in Q3 2011 to £5.3bn in Q3 2012. The company said its results were dampened by weak investment sentiment as the Euro crisis and weak economic conditions "continue ...
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