AXA Investment Management has launched a new product into the Australian market aimed at helping Australians overcome longevity issues.
The new product, the AXA IM Global Smart Equity pooled fund, is aimed at investors in the post-retirement phase and has extended AXA's SmartBeta range with the launch of the AXA World Fund Global SmartBeta Equity Fund.
AXA IM's director for Australia and New Zealand, Craig Hurt, said Australia’s ageing population required smarter strategies that would make their money work harder for longer.
He said the AXA WF Global SmartBeta Equity product was a long-term equity investment strategy that aimed to efficiently deliver an improved total risk/return profile for investors.
The company said the strategy was designed to achieve 100-200 basis points annualised excess return, with approximately 80 per cent of the market volatility, over the full market cycle.
