Le mie ricette per la real estate communityFull-year 2020 earnings
§ Strong growth across the board:
· Underlying earnings up 6% at €279 million
· Revenues up 4% at €1,294 million
· Net inflows up €40 billion including third-party inflows of €18 billion
· Assets under management of €858 billion
§ Responsible investment at the heart of all activities
§ 5% of the impact fund range’s fees donated to several charities supporting education, biodiversity & climate and health initiatives
“AXA IM has recorded an excellent performance in 2020, in what has truly been an exceptional and challenging year for the industry, businesses and individuals. Our diversified and global approach based on solid convictions has been instrumental in navigating through the uncertain market environment. We are posting strong operational performance, fueled by both AXA IM Alts and AXA IM Core across all client segments, with underlying earnings up 6% overall.”
“Our new organisation and focused commercial efforts are bearing fruit, as reflected by our increased revenues, up 4%, with growth seen across all business units.”
“Our assets under management are significantly increasing and have reached a record high of €858 billion, hitting one trillion in USD for the first time. This has been mainly driven by dynamic sales efforts leading to robust positive net inflows, including from third parties,” said Marco Morelli, Executive Chairman of AXA IM.
“In this challenging environment, responsible investing has become even more central to our business priorities. We are relentlessly pursuing our efforts in this area to help our clients, our people and the world to prosper, through the investments we manage and the influence we have as investors. Climate change in particular represented our largest area of engagement in 2020.”
“Additionally partnerships such as the one we formed with the Access to Medicine Foundation, are critical to combatting health crises across the globe, and by investing for impact we believe we can create long term and positive change. Following the commitment we made to donate 5% of our impact fund range fees to charities, we are very proud to announce that we have teamed up with several NGOs and foundations which support projects centred on education, biodiversity & climate and health.”
“This past year has evidenced the importance of active management in volatile markets, this has been a very strong year of investment performance across our business. We have stayed committed to our clients, developed new business, launched new products and hired and promoted talent. I would like to thank all of our colleagues who have worked hard to deliver these results, as well as our clients for their invaluable trust. I am convinced that the strategic initiatives we have undertaken will continue to foster future growth.” added Marco Morelli.
Source : Company