S&P quick to remove AXA from indexes
Standard & Poor’s (S&P) Indices has already announced it will remove AXA Asia Pacific Holdings from the S&P/ASX indexes following the company’s acquisition by AMP.
The acquisition is still subject to shareholder and final court approval, with the shareholder vote to be held today and final court hearing next Monday, 7 March.
AXA APH will be removed from the indexes after the close of business next Tuesday, 8 March if the approvals are granted, S&P stated.
AXA will be replaced in the S&P/ASX 50 by Alumina, and in the S&P/ASX 100 and 200 by QR National, according to S&P.
Recommended for you
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
