Integrated Report 2022
Protection effect - Asset management
Asset management consists of investing and managing the life insurance, savings and retirement funds entrusted to us by our clients, as well as property & casualty and health insurance premiums. Within AXA Group, this activity is carried out by AXA Investment Managers.
In a context of rising interest rates, economic uncertainty and climate change, asset management plays a key role. With 845 billion euros under management and a presence in 19 countries, AXA IM is one of the world’s leading asset managers. The entity invests in both traditional assets (equity, bonds and multi-asset funds) through AXA IM Core, and alternative assets (real estate, infrastructure, alternative credit, private equity and hedge funds) through AXA IM Alts.
Decisive for long-term institutional investors – not least AXA – and action against climate change, AXA IM Alts has grown fast in recent years to become the only European player among the global top 10 alternative asset managers.
Marco Morelli, Executive Chairman of AXA IM
2022 was a difficult year in which rising interest rates disrupted the markets. It was crucial to be close to our clients to understand how this environment could affect their needs. As we saw, our ability to cover all asset classes to diversify their investments is one of our strengths.