AXA Asia Pacific Holdings Limited - 2nd March 2001 - AXA's new Wholesale Unit Trust Range

AXA’s NEW WHOLESALE UNIT TRUST RANGE – SUPERCHARGED BY ALLIANCE CAPITAL

Melbourne, Victoria, Australia – 2 March, 2001:

Hot on the heels of its recently announced joint venture with Alliance Capital Management L.P. (“Alliance Capital”), AXA Australia (“AXA”) today launched a comprehensive new range of 12 unit trusts.
The 12 new funds join the Wholesale Global Equity – Growth Fund launched last December at the FPA Conference in Melbourne. The new suite of unit trusts is underpinned by the world-class asset management capabilities of Alliance Capital and AXA’s distribution, product development and marketing strengths, brought together under the terms of the joint venture.
AXA’s Group Chief Executive, Les Owen, said the launch of the new product range represented tangible evidence of the new joint venture’s benefits for advisers, investors and shareholders. “As a result of the joint venture, AXA has given Australian investors access to one of the world’s recognised investment powerhouses,” he said. “Our partnership heralds a new era in Australian investment.
“AXA’s joint venture with Alliance Capital represents an important step in our growth strategy. This joint venture is critical to our aspiration to be a leader in investment and superannuation markets and gives AXA’s clients in Australia and New Zealand access to world-class asset management capability and great depth of equity and fixed interest expertise through Alliance Capital's 530 investment professionals world-wide.

“Alliance Capital has built a remarkable position in the global financial markets as a result of its commitment to research driven performance which is reflected in its funds under management, its product style range, its innovative funds management approach and global investment management capability. Making this capability available in the Australian and New Zealand retail markets is a significant step forward for us.”
AXA’s new range of wholesale unit trusts includes a global healthcare fund, a global technology fund and a US equity fund as well as a full range of products across Australian and international equities, Australian and international fixed interest, property, mortgages, cash and diversified funds.
“With the launch of this new range, AXA has a comprehensive set of investment products in the wholesale market, which will be extended to retail* market in July this year,” Mr Owen said. “Our unit trust product range now spans all major asset classes and is a powerful proposition to investors and advisers in the Australian market. AXA’s 1,200 advisers will be able to offer a full array of investment choices to help investors meet their long–term financial goals.”