AXA Wealth’s Corporate Investment Services has added exchange traded funds (ETFs) to its ‘Investment Only’ offering.
With this announcement, ETFs will become part of AXA’s investment offering for trustees of both defined contribution (DC) and defined benefit (DB) schemes.
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This new move will open access to the European ETF market, offering trustees the ability to design a more diversified portfolio with daily liquidity.
AXA Corporate Investment Services will partner with Morgan Stanley for this.
AXA Wealth head of institutional distribution and marketing Mike Webb said: "With ETFs growing in popularity in both the retail and institutional markets, we believe the next big demand will come from the DC and DB sector, and partnering with Morgan Stanley means that we are well placed to meet this requirement."
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