AXA responds to emerging market and global equity demand


|
AXA Australia has broadened its adviser product choice in emerging markets and global equities through the addition of 20 investments to its approved list for AXA Financial Planning and Charter Financial Planning.
The new products fit into the emerging markets, global equities and Australian equity income categories and were added following demand from advisers for alternative income sources, said Rob Thomas, general manager, technical, of research.
"The fundamentals of financial planning remain the same in terms of ensuring clients have diversified portfolios using quality, well researched managers.
"However, we feel there is a need to ensure advisers and their clients have a broad choice in emerging markets and global equities, areas where returns from managers can vary greatly," he said.
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.