2008
(03/01/2008) AXA goes for six with M&G
AXA adds two new products to its pensions and investments platforms
AXA's wealth management range now includes two further M&G flagship retail funds. The £1.1 billion S&P 'AA' rated M&G American Fund and £1.2 billion M&G Property Portfolio are now offered via AXA Life's pensions and investments platforms.
Vince Rennie, Chief Investment Officer, AXA & Winterthur Wealth Management, says: "We believe these two M&G funds will be strong performers in their respective sectors where the provider has already demonstrated long term strength and is already popular with advisers. Their addition continues our strategy to add choice and quality to our fund ranges in sectors where we have been looking to increase our offering."
Andrew Watson, M&G's Partnerships Director, comments: "Open architecture is rapidly evolving and we believe that the wraps and platforms market still has huge potential for growth. Recognition of M&G's long term, outperformance across our fund range combined with M&G’s strong brand presence, has led to demand for our funds from investors. As a result, a range M&G funds are now available on the majority of UK platforms. AXA is one of the UK's major Life and Pensions providers and we are delighted to be linking these two further funds to its platforms."
The M&G American Fund and M&G Property Portfolio join four other key M&G funds available as part of AXA's range, these are:
- M&G Global Basics Fund
- M&G Recovery Fund
- M&G UK Select Fund
- M&G Gilt and Fixed Interest Fund
About the funds:
The £1.1 billion M&G American Fund is managed by Citywire AAA-rated Aled Smith1, and its bottom-up stock selection approach focuses on companies with improving returns on capital selected from the full spectrum of publicly listed companies in North America.
The £1.2 billion M&G Property Portfolio directly invests in bricks and mortar property assets in the UK including offices, industrial and retail properties.
- Ends -
Notes to editors
- Source: Citywire Fund Manager Ratings November (data from 31/10/04 - 31/10/07)
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About AXA
AXA UK is a part of the AXA Group. AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Europe, North America and the Asia/Pacific area. For the full year 2006 global IFRS revenues amounted to €79 billion.
The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.
Our previous company performance is not a guide to how we may perform in the future.
Any opinions expressed in this media communication are made as at the date of this publication but are subject to change without notice.
M&G
M&G launched the UK's first unit trust in 1931 and has continued this history of innovation over the past 75 years
M&G offers investors a range of over 40 funds available as an ISA or unit trust/OEIC across three asset classes - equities, bonds and property
Past performance is not a reliable indicator to the future. The value of the funds can fall as well as rise, possibly due solely to exchange rate fluctuations, and is not guaranteed.