AXA IM – Real Assets has launched a retail fund for French investors.
The AXA Selectiv’ Immoservice will be managed by AXA REIM SGP and will be mostly accessed through Life Insurance contracts sold by parent company AXA.
The fund follows on from AXA Selectiv’ Immo a €1bn fund launched in May 2012, which allowed retail investors to broaden their exposure into assets in the health, social care, student housing, hotel and residential markets.
The new fund will look to build an initial portfolio of €300m in assets across Europe.
Antoine Aubry, fund manager at AXA IM – Real Assets, said: “Having launched our second vehicle for retail investors, AXA Selectiv’ Immoservice will benefit from successfully leveraging on fundamental economic, social and demographic trends such as an ageing population, the globalisation of student populations as well as a growing global affluent middle-class.”
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