AXA IM is looking to launch a Universal Inflation Bond fund and an Emerging Market Short Duration fund this year as it extends its fixed income range.
The inflation-linked bond fund will be similar in scope to the group's existing offshore £1.3bn AXA WF Global Inflation Bonds fund, but will also invest in emerging market debt. The portfolio will be managed by Marion Le Morhedec, manager of the £1.2bn AXA WF Global Inflation Bonds fund, and David Dyer, manager of the £88m AXA Sterling Index-Linked Bond fund, in conjunction with the group's fixed income team. The fund will aim to produce a pure real yield of 1% on top of an average expected inflation level of 3.5%. AXA IM is also planning to extend its short duration capabilities w...
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