AXA IM rakes in £10bn in net flows for 2013
AXA Investment Managers took in €12bn (£10.2bn) in net flows last year, well up on the €3bn taken in 2012, thanks to Framlington and its fixed income teams.
The jump in flows helped prompt a 7% rise in revenue for the business, net of distribution fees, to €1.03bn. Total assets under management, meanwhile, rose €14.5bn to €547bn. AXA IM said the bulk of...
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