Pensions investment manager Hermes has been appointed to run seven passive funds for Axa, which wi...
Pensions investment manager Hermes has been appointed to run seven passive funds for Axa, which will be added to the 43 actively managed portfolios within its group pensions offering from 1 October. The seven index-tracking funds encompass UK and international fixed income and equities asset classes. Five are equity based, including the UK Index Tracker, which is linked to the FTSE All-Share, the Europe ex-UK Index Tracker and the S&P 500-benchmarked US Index Tracker. Also on offer are two fixed income trackers: UK Long Gilt Index Tracker and UK Index-Linked Gilt Index Tracker. The ...
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