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Axa IM launches UK share classes for World Funds range

Axa Investment Managers has launched clean UK share classes for its World Funds range in a bid to make them more accessible to advisers.

The Luxembourg-based range of 54 funds includes headline funds such as Nick Hayes’ $224m (£135m) Axa WF Global Strategic Bonds, Damien Buchet’s $949m WF Emerging Markets Short Duration Bonds, and Marc Basselier’s €174m WF Framlington Global Convertibles.

The €1.2bn Axa WF Framlington Europe and €2bn WF Global Inflation Bonds have also been given a UK share class.

Axa IM head of UK wholesale distribution Rob Bailey says demand from discretionary fund managers for the range has not been matched by business from advisers, partly because the funds are not available on platforms.

He says: “We have been working hard to make our offshore fund range more easily accessible to UK investors. Now with so much inflows through platforms, we need to get more of our offshore funds on fund platforms.

“In the current regulatory environment it is hard to get platforms to prioritise putting offshore funds onto their platforms until there is more demand from their customers.”

Bailey adds he is keen for platforms to put offshore funds on an “equal footing” with funds based in the UK. 

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