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Axa Elevate assets up 30% to £8.4bn

Axa Elevate has posted a 31 per cent increase in funds under management, taking assets held on the platform from £6.4bn to £8.4bn.

Net inflows on the platform are up 8 per cent to £1.1bn.

In its half year results, published today, Axa Wealth reported a 10 per cent increase in funds under management overall, from £24.3bn to £26.7bn.

Axa’s specialist investment business Architas saw funds under management rise 6 per cent from £12.6bn to £13.3bn.

Within Axa’s off-platform business, pension sales are up 18 per cent from £201m to £238m, while offshore bonds funds under management are 3 per cent from £8.8bn to £9.1bn.

Corporate trustee investment plans funds under management went from £3.8bn to £4.1bn, a 5 per cent increase.

Axa Wealth chief executive Mike Kellard says: “We’ve managed to deliver another strong performance across the business. There is however still a lot to do if we are going to help more people save and invest for the long-term and make the experience as straightforward as we can.”

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