AXA IM to donate 5% of impact funds' management fees to charities

€500,000 also to be donated to Access to Medicine Foundation

James Baxter-Derrington
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AXA's donation will apply to both core and alternative impact funds
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AXA's donation will apply to both core and alternative impact funds

AXA Investment Managers (AXA IM) has revealed the launch of a "philanthropy mechanism", whereby 5% of the management fees from its impact funds will be donated to a collection of charities.

This donation will apply to both core and alternative impact funds, which currently represent €1.2bn (£1.1bn) of assets under management, and any future impact funds launched will also donate 5% of their...

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