AXA IM launches Euro Credit fund
AXA Investment Managers (AXA IM) today announces the launch of the AXA World Funds Euro Credit Total Return (the Fund).
The fund aims to offer investors an unconstrained approach to the European credit market, with the ability to deviate substantially from what is considered the market benchmark in terms of portfolio composition.
It is managed by Ismael Lecanu, senior portfolio manager and a team of five specialists in European credits with an average of 13 years of experience.
Ismael Lecanu, senior portfolio manager of the AXA WF Euro Credit Total Return commented: “With strong structural support provided by the European Central Bank, we are constructive on the outlook for the European recovery and believe that there are ample investment opportunities thanks to disintermediation, innovation and regulation. These opportunities call for a flexible approach as they shift the market behaviour.”
The newly launched fund is set to complement AXA IM’s existing euro credit range, which has a total AuM of €8.6bn. The fund is a Luxembourg-domiciled Sicav offering retail and institutional share classes. It is available for distribution in Austria, Belgium, Denmark, France, Germany, Italy (for institutional investors only), Luxembourg, The Netherlands, Spain, Sweden and the UK.