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
Next year will see AMP roll out an end-to-end solution for its North platform, marking a shift in the firm’s position within the advice technology sector and building on adviser feedback.
My Dealer Services is predicting strong growth in self-licensing next year, citing recent ASIC action against Interprac and the desire for independence as key drivers of the self-licensing trend.
ASIC has handed down a six-month AFSL suspension to MW Planning after the firm failed to replace its banned responsible manager.
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
