AXA Investment Managers has launched its third absolute-return fund, Investment Week reports. The AXA WF Optimal Absolute Fund will be managed by Serge Pizem and invest across all asset classes, with allocations split between developed and emerging markets.
The portfolio is initially invested primarily in monetary products because of the high volatility at present. The Ucits III fund has an initial charge of 5.5 percent with an annual management charge of 1.5 percent for retail investors. It is domiciled in Luxembourg.
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