AXA IM rebrands and realigns its Global Distribution fund


“Today, we believe that companies that address key sustainability risks and focus on improving their sustainability practices on key ESG issues should generate higher financial returns than the market at long term,” a spokesperson said.

“Similarly, sovereign debt issuers with high ESG scores will benefit from their continued ability to issue. The name, investment objective and policy of the fund will change, but the basic investment philosophy of the fund will remain unchanged. .”

The fund, which is managed by Matthew Huddart and Jamie Forbes Wilson who took over as CEO in April 2020, will retain its mix of multi-asset funds where around 40-50% of the funds are invested in government bonds, with the rest being invested in stocks.

AXA IM said this would mean that a “substantial proportion of the investments currently held in the fund will be sold and the cash proceeds reinvested”.

He estimated that the costs associated with the realignment would be approximately 0.15%, which would be paid from the fund. AXA IM will bear the costs of amending fund documentation to reflect these changes and the costs of notifying fund unitholders

The changes will take place from February 1.

In the year ending Jan. 13, the fund returned 10%, while the MSCI ACWI returned 13.8% and the IA Mixed Investment 20-60% returned 5.4%. according to FE Fundinfo.


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