Axa returns 16% since with-profits equity rise

Axa is the latest group to benefit from increasing the equity portion of its with-profits fund, regi...

Axa is the latest group to benefit from increasing the equity portion of its with-profits fund, registering a return of 16% on its main portfolio over the year. On the £10.1bn Axa Sun Life (ASL) and Sun Life Assurance Society (SLAS) with-profits funds, the equity weightings rose from 41% to 44% and from 39% to 42% respectively over the course of 2005. Other weightings in the ASL portfolio are 16% in property, 38% in fixed interest and 2% in cash, with the managers reducing this latter allocation by five percentage points over the 12-month period. The cash weighting on the SLAS fund also f...