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AXA Investment Managers launch lower cost share class for AXA Lifetime Distribution Fund

AXA Investment Managers launch lower cost share class for AXA Lifetime Distribution Fund

Press Release Market commentary
08 February 2018

AXA Investment Managers launch lower cost share class for AXA Lifetime Distribution Fund

AXA Investment Managers (AXA IM) today announces the launch of a lower cost share class for its AXA Lifetime Distribution fund at 46 basis points OCF.

The AXA Lifetime Distribution Fund is a cautiously managed portfolio that seeks to offer investors the opportunity to take a monthly income1 while also providing an opportunity for capital growth. 

The Fund invests in UK-listed companies and UK government index-linked gilts. It seeks to offer diversification for those looking for a lower volatility strategy, as bonds and equities tend to perform differently depending on market conditions. The Fund has a long-term investment horizon and the index-linked gilts held within the portfolio are managed on a low turnover basis to reduce trading costs, enabling us to keep the overall fees at a low level. 

Rob Bailey, Head of UK Wholesale Distribution at AXA IM, said: “We have launched this share class to meet the demand of clients looking for an inflation beating solution with equity exposure coupled with the protection afforded by an index-linked bond portfolio.

“The style in which the bond portfolio is managed has enabled us to lower the cost of this strategy for clients and allows us to remain competitive in today’s market.”

Jamie Forbes-Wilson, Manager of the AXA Lifetime Distribution Fund, commented: “We believe that the AXA Lifetime Distribution Fund offers investors a neat solution for clients looking for a simple, inflation-plus return. This fund seeks to meet the needs of those looking to satisfy both growth and income requirements in real terms. The combination of investment in equities and index-linked gilts has been the basis of the Distribution Fund range for many years and seeks to provide a sound, inflation-linked foundation for long-term investors.”

Notes to Editors

1: Regular payments are not guaranteed and will fluctuate in value.

 

About the AXA Lifetime Distribution Fund

Sector: IMA Mixed Investment 20-60% Shares

Benchmark (since 02/03/15): 55% FTSE All Share Total Return Gross + 45% FTSE Actuaries UK Govt Index Linked All Stocks Fund Type: Open Ended Investment Company (OEIC)

OCF: 46bps estimate

8.98bp to 9bp Transaction as per ex ante EMT calculation

Share Types: Income and Accumulation

About Jamie Forbes-Wilson

Jamie joined AXA Investment Managers in 2003 as an investment manager responsible for charity, pension and private client portfolios. He began his career in 1996 as a graduate trainee with Wise Speke, a regional private client stockbroking firm. The company subsequently became part of Brewin Dolphin, where he worked as a private client portfolio manager. Jamie graduated from Exeter University in 1996 with a BA (Hons) degree in Economic History and Politics. He is a Chartered Fellow of the Chartered Institute for Securities and Investment (FCSI).

Media Contacts

Jayne Adair +44 20 7003 2232 -  Jayne.Adair@axa-im.com

Jess Allum +44 207 003 2206 – Jessica.Allum@axa-im.com

Tuulike Tuulas  +44 20 7003 2233 -  Tuulike.Tuulas@axa-im.com    

About AXA Investment Managers

AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €732 billion in assets under management as at end of September 2017, AXA IM employs over 2,450 employees around the world and operates out of 29 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.

Visit our website: www.axa-im.com 

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Visit our media centre: www.axa-im.com/en/media-centre

This press release is for information purposes only, and the content herein may not be suitable for non-professional / retail clients. It does not constitute an offer to buy or sell any investments, products or services and should not be considered as a solicitation or financial promotion or as investment, legal or tax advice. This document does not contain sufficient information to support an investment decision.