Axa IM expands EM fixed income suite
Group launches short duration fund mooted in April.
Axa Investment Managers has launched the Axa WF Emerging Markets Short Duration Bonds fund which it announced in April.
The fund, which launched on September 28, is managed by Damien Buchet and is the latest addition to its $2bn emerging markets fixed income portfolio range.
The group said the fund holds bonds with a duration of three years or less and aims to provide investors with stable income generation due to the regular maturation of the bonds held.