AXA extends SmartBeta offering
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.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
