AXA IM net flows drop in Q3 2015
AXA group has published its results for the third quarter of 2015.
Its asset management arm, AXA IM, has faced outflows during Q3 2015. The firm’s net inflows for the first nine months of 2015 stand at €27bn where as AXA IM recorded €28bn in net inflows for the first half of 2015.
Net flows have been impacted by the deterioration of the equity market in the third quarter of 2015.
As at end September, AXA IM’s assets under management have dropped to €669bn from €694bn at the end of Q2 2015. The market appreciation has accounted for €6bn of the manager’s AUM since the start of the year, down from €17bn as at end June 2015.