Axxion, an independent fund management company acquired Stock Exchange fund for foundations. As of 1st October 2017, the administration of the public fund of about €1.8bn is in our hands. Axxion is pleased with the mutual trust of the fund initiator shareholder value management AG.
This acceptance of the mandate is a confirmation of our good cooperation with the fund Absolutissimo value focus that began at the end of 2008.
The takeover also confirms that the step taken towards cross-border management from Luxembourg was the right move. Axxion now manages a volume of €774.35m in German funds.