AXA Group confirms the completed sale of AXA Investment Managers (AXA IM) to BNP Paribas, one of the world’s largest and most trusted asset managers, for a total transaction value of €5.4 billion.* The move is aimed at strengthening AXA’s investment capabilities while continuing to deliver strong value to customers.
For AXA Philippines, as one of the AXA Group’s key markets, this means that while transitions are in place, customers can expect uninterrupted service and continued stability. AXA IM will continue to be the target fund provider of AXA Philippines’ investment-linked life insurance global funds, namely, the AXA Global Dynamic Allocation Fund (Stable, Multi-Asset, Growth – Peso and Dollar) and the AXA Global Edge Equity Fund (Peso and Dollar). There will be no immediate changes to AXA IM’s business, its legal entity name, fund managers, fund names, and investment strategies.
