AXA IM to shut two bond funds as assets dwindle

Group does not expect resurgence in demand for funds with total £77m assets

Daniel Flynn
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AXA Investment Managers is closing two of its bond funds launched more than a decade ago due to a lack of investor interest and insubstantial assets in the products.

The group will close its £35.4m Sterling Long Corporate Bond and £41.7m Sterling Long Gilt funds on 20 November. Both launched in 2004. A spokesperson for AXA IM said: "We continually review our...

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