AXA IM launches the AXA WF Euro Inflation Plus

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Jonathan Baltora, Senior Portfolio Manager, AXA IM © AXA IM

AXA Investment Managers (AXA IM) announces the launch of the the AXA WF Euro Inflation Plus fund that aims to outperform the Euro area inflation, net of ongoing charges.

The fund manager will use a fexible allocation between nominal and inflation linked bonds and active breakeven management. The fund is actively managed and doesn’t have a traditional bond benchmark, instead its performance will be measured against the Harmonised Indices of Consumer Prices Excluding Tobacco as published by Eurostat.

The Fund has been categorised as an Article 8 product according to the EU Sustainable Finance Disclosure Regulation (SFDR).

Commenting on the launch, Jonathan Baltora, Head Of Sovereign, Inflation and FX and manager of the AXA WF Euro Inflation Plus fund said: “We believe there is a high probability that the Euro area inflation will remain well above the level of nominal interest rates. As such, it becomes increasingly difficult for European investors to find assets that yield at least the inflation rate while remaining in the Investment Grade universe. Therefore, a product that aims to outperform the Euro area inflation can be a particularly attractive value proposition. Addtionally, the fact that the Fund can short inflation breakevens and target a higher ESG rating than investment universe is a true innovation for inflation strategies currently being offered in the market”.

The fund is registered and available to professional and retail investors in Austria, Belgium, Denmark, Finland, France, Germany, Italy (restricted scheme only), Liechtenstein, the Netherlands, Norway, Portugal, the United Kingdom, Spain, Sweden and Switzerland.

 

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