Axa Wealth assets climb to £19bn

Axa Wealth has seen assets under management climb to almost £19bn in 2011 despite the turbulent market.

Axa Wealth said this morning total assets under management increased  from £17.9bn to £18.9bn during the year, with sales totalling £3.8bn. Platform business represented 42% of all individual sales - up from 23% in 2010. Architas, Axa Wealth's multi-manager offering, saw total assets increase 23%. Mutual Fund premiums were up 49% but sales of offshore bonds were down 22%. Individual off-platform pension products increased from £4.6bn to £4.7bn. Meanwhile, platform sales on Axa Wealth's wrap proposition Elevate rose 75% in 2011 to £1.3bn, bringing total platform assets under administra...