AXA Global Investors appoints Schroders

AXA Global Investors appoints SchrodersAXA Global Investors is pleased to announce the appointment of Schroders as its dedicated Australian equity manager.

“Choosing to invest in Australia is not a particularly hard decision, selecting the best manager to do it takes a bit more work” says Keith Poore, Head of Investment Strategy at AXA Global Investors. “Our research tells us Schroders is the best fit for our portfolios.”

Schroders is a global asset management company with A$277 billion in funds under management and 32 offices across 25 countries. The Sydney office was established in 1961 and currently has 75 staff, 13 of which are investment professionals involved in the management of Australian equities.

“Schroders has a strong track record of performance and our analysis shows this is not restricted to particular investment environments, nor is this simply the result of a perennial overweight to resources, as has been the case for some Australian managers.

“Their approach to risk management also sets them apart. For example, a focus on monitoring company leverage across the portfolio is considered along with more esoteric investment concepts like tracking error and beta. This served them well during recent financial crisis” Keith Poore said.

Schroders replaces MIR Investment Management as the dedicated Australian equity manager with AXA Global Investors Australasian equity multi-manager portfolio.

ENDS