Axa's two funds units, AllianceBernstein and Axa Investment Managers, have generated €2.4bn ($3.3bn) in revenues over the first six months of this year, a 14% jump from the same period last year, boosted by higher fees and product development.

AllianceBernstein, the insurer's US-headquartered manager, brought in €1.6bn, while Axa Investment Managers, its European arm, raised €987m.