Axa Wealth's total sales increased by 68% over the first six months of the year, while the firm saw strong growth in assets on the Elevate platform and specialist multi-manager business Architas.
Total sales increased from £1.5bn for the first half of 2012 to reach £2.5bn, while Axa Wealth's overall assets increased by 21%, from £20bn to £24.3bn over the same period. Sales on the Elevate platform rose by 52%, from £622m to £945m while assets under management increased by 48% from £4.3bn to £6.4bn. Total assets for Architas increased by 17% from £10.8bn to £12.6bn. Currently, 78% of new business for the investment company is going into funds with clean share classes, reports Axa. AXA Wealth chief executive Mike Kellard (pictured) said: "The results show how we are reaping t...
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