AXA brings multi-manager to MPF

Launches AXA Elite MPF concept with multi-manager veteran ipac.

AXA Hong Kong launched the territory's first multi-manager fund for MPF members yesterday January 20, stating that the four-year old retirement programme has now reached a turning point in its existence.

AXA's Elite MPF concept will draw on the multi-manager experience of ipac asset management, which it acquired in 2002. The introduction of the Elite MPF by AXA follows a global trend towards multi-managers - the fastest engine in the funds world over the past four years.

Upon rollout, the new multi-manager MPF product will employ an array of global heavyweights from the fund management industry including Alliance Bernstein Institutional Investment Management, Allianz Dresdner Asset...

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