AXA's healthy flows
Speculation about acquisition moves by first AMP and then the National Australia Bank did not harm AXA Asia Pacific’s fund flows in the first quarter of this year.
In an announcement released to the Australian Securities Exchange today, AXA Asia Pacific Holdings Limited revealed solid growth in Australia and New Zealand, with wealth management inflows in Australia up 2 per cent to $1.5 billion, including $124 million in North sales.
It said total wealth management inflows including Alliance Bernstein were up 41 per cent to $2.2 billion, with total Australian individual financial protection new business up 12 per cent to $23 million.
AUTHOR
Mike Taylor
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