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Axa platform sees AUM pass £2bn

Axa Wealth platform assets under management rose to £2.9bn in the first half of 2011, an increase of 107 per cent compared to the same period in 2010.

The AUM figure includes £700m self-invested assets from The One from Winterthur.

Platform business represents 40 per cent of all sales, rising from 21 per cent in the same period in 2010.

Total assets under management increased from £15.6bn to £18.9bn and total Axa Wealth sales grew to £1.9bn.

Funds under management for individual off-platform pension products rose 17 per cent to £4.8bn from £4.1bn the previous year.

Axa Wealth’s investment company Architas saw its total assets grow by 48 per cent to £8.6bn.

Axa Wealth chief executive Mike Kellard says: “Axa Wealth has set ambitious targets to meet by 2015, in particular to triple its assets under management.”


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