AXA IM - Real Assets, has announced the launch of AXA Selectiv’ Immoservice, a new fund, managed by AXA REIM SGP(1),,accessible to French retail investors mainly through life insurance contracts distributed by AXA France.
AXA Selectiv’ Immoservice follows on from the success of retail vehicle AXA Selectiv’ Immo, which has raised more than €1 billion since May 2012 and manages €1.7 billion of assets(2). AXA Selectiv’ Immoservice enables retail investors to diversify their portfolio through focusing primarily on healthcare, social care, student housing, hotel and residential investments, unlocking capital value through active asset management and repositioning of assets. The fund will look to build an initial portfolio of €300 million of assets, targeting Europe when attractive opportunities arise.
Antoine Aubry, Fund Manager at AXA IM - Real Assets commented: “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.”
(1)AXA REIM SGP is an affiliate of AXA IM - Real Assets
(2)AXA IM – Real Assets’ data as end of March 2016
Source: AXA IM - Real Assets
