Axa launches WF Optimal Absolute into Germany and Austria
Axa Investment Managers has introduced its AXA WF Optimal Absolute flexible fund into Germany and Austria, and plans to distribute it further throughout Europe to help investors achieve annual positive annual returns regardless of market direction.
Serge Pizem, fund manager and leader of the Optimal Investments team at Axa, explained the WF Optimal Absolute follows an opportunistic investment strategy globally, with the ability to bet on markets rising or falling.
To do this, it can use indices, securities, shares or fixed income instruments, or derivatives, with a focus on liquid asset classes.
Pizem said the strength of the fund lay in its ability to recognise the best returns among shares, bonds and also commodities.
Due to the high volatility and unstable correlations between the most important asset classes, the portfolio is currently primarily invested in money markets.
“We are avoiding too close ties to capital markets, because the market developments are being strongly influenced by political decisions,” Axa said.
The fund combines a top-down macro analysis with bottom-up selection, keeping the correlation between positions as minimal as possible.
Axa is targeting private banks, funds of funds and investment advisors.
The Ucits III fund is domiciled in Luxembourg.