The French asset manager ends local portfolio management activities in Hong Kong and shifts to managing emerging market portfolios from Paris and London.
AXA IM says senior loans and collateralised loan obligations are emerging as fresh alternatives for institutional investors looking to counter rising interest rates.
The fund house aims to launch a Ucits China bond fund, set up a wholly foreign-owned entity in Shanghai, register for mainland bond market access and gain a QDLP licence. And that's not all.
Axa Investment Managers has added an equity-focused trader in Hong Kong to fill out its regional multi-asset dealing hub in anticipation of rising volumes in Asia.
The French fund house has named its first salesperson in the region dedicated to sovereign institutions, as it continues to focus more on specific client segments.
Axa Investment Managers has hired a new director of private banking coverage for Asia as part of a bid to boost its coverage of the segment. More hires are expected as the firm grows its sales and marketing team.