AXA IM reports record inflows as firm hints at 'selective acquisitions'
'Further selective acquisitions'
AXA Investment Managers saw record net inflows of €56.4bn in a "challenging and uncertain" 2016, and said it will continue to target third-party assets in the retail space in the years ahead.
The company said net inflows increased 35% on 2015 to €56.4bn, with joint ventures in Asia contributing €38.5bn to this figure. This led assets under management to jump 7% to €717bn from €669bn in 2015....
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