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Vanguard index-trackers added to Elevate

Axa Distribution Services has added Vanguard’s index-tracking funds to its Elevate wrap platform.

The move will offer advisers using the platform access to both onshore and offshore ranges and increases the total number of funds available on Elevate to over 1700, operated by a total of 77 fund groups.

Axa Distribution Services head of marketing Ian Thomas says: “The debate surrounding the respective merits of low-cost, passively managed vehicles, and actively managed funds has always been there but the entrance of Vanguard to the UK market is evidence this is rapidly moving from the world of institutional investment to a high street near you.”

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