AXA Investment Managers’ (AXA IM) assets under management (AuM) at the end of December 2013 were 547 billion, up 3% or 14.5 billion compared with 2012.
The company attributed the rise in assets came to strong positive net new money inflows of 12.2 billion and 8 billion combined market and foreign exchange rate impact, partly offset by negative 4 billion change in scope impact.
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AXA IM said it saw continued growth in net new money (NNM) of 12 billion for 2013, up from 3 billion in 2012.
The largest contributors to this were fixed income (6 billion) and equity (2.2 billion) of which 1.6 billion was contributed by the company’s fundamental equity business AXA Framlington and 0.6 billion by its quantitative equity business AXA Rosenberg.
Revenues were 1.03 billion, up 7% compared with last year, due to increased management fees.
AXA IM’s operating income rose by 11% generating underlying earnings of 172 million, up 5% compared with 2012.
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By GlobalDataAndrea Rossi, CEO of AXA IM, said: "Despite macro headwinds, 2013 was another successful year for AXA IM and our results demonstrate that we are on the right path to strengthen our position as a reference asset management firm for investors around the world. We will build on the very strong inflows achieved in 2013 to accelerate the next phase of development for AXA IM."
