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AXA Investment Managers sees sales drop 85% from record level

French fund manager reports small rise in assets and attributes lower inflows to products in its Chinese joint venture reaching maturity

AXA Investment Managers sees sales drop 85% from record level

AXA Investment Managers, the fund management business of the French insurance major, saw steady asset growth in 2017 — but sales fell 85% from the record level hit in the previous year.

Assets under management were €746bn at the end of December 2017, AXA IM said in its full-year results published this morning, marking a 4% increase on the year before.

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