UK - AXA Investment Managers has posted first half profits of e58.6m (£39.9m) - up 67% on the corresponding period last year.
Axa said net revenues were up 23% to e312.3m while assets under management increased from e275bn to e316bn.
Axa chief executive Nicolas Moreau said: “I am delighted that Axa IM’s first half profits are so strong.
“Our multi-specialist structure has proved successful in generating excess returns for our clients. Not only is it benefiting existing clients, it is also proving a winning formula in attracting new business.”
Axa IM had inflows of e314m into its property vehicles, while its private equity arm saw assets under management increase from e4.4bn to e5bn.
Moreau added: “As the increased trend towards specialist mandates continues, I believe we are well placed to meet our clients’ specific investment requirements.”
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