AXA Wealth recorded a 45% rise in assets under management at its Elevate platform in the third quarter of the year, helping the group push its overall assets toward £25bn.
Elevate grew assets from £4.8bn in Q3 2012 to £6.9bn in the same period this year, thanks in part to £1.5bn worth of new sales. The group said three quarters of all inflows in September went into 'clean' share class funds. Elsewhere, AXA Wealth saw its investment hub Architas grow assets by 12% to £12.6bn over the same time period, while assets in its Corporate Investment Services proposition were up 35% to £3.7bn. The growth helped AXA Wealth increase its overall assets by 18%, from £20.8bn to £24.6bn. AXA Wealth CEO Mike Kellard (pictured) said: "I believe AXA Wealth is reapin...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
