AXA has rolled out its first range of retail funds launche through its partnership with Alliance Capital, four months after launching the same range into the wholesale market.
AXA Australia group chief executive Les Owen says the launch of the new funds is part of the group’s plans to increase its penetration of the local managed funds market and comes off the back of strong support for the wholesale products.
“We expect similar demand from retail investors,” Owen says.
AXA and Alliance Capital signed agreements in October last year that Alliance would take on the funds management role while AXA would market and distribute the funds in Australia.
The range of funds on offer covers local and international equities and fixed interest, property, mortgages, cash and diversified funds, as well as sector-specific exposure to global healthcare, global technology, and US equities.
