Asset Management Exchange (AMX), an institutional platform for investors and asset managers, has announced that AXA Investment Managers (AXA IM) has joined the AMX platform by launching a Long Term Credit fund with over $1bn in assets in the fund.
The fund uses AXA IM's ‘Buy and Maintain' capability to build a well-diversified, benchmark-agnostic, long-dated credit portfolio that delivers predictable cash flows.
The Buy and Maintain approach aims to drastically reduce transaction costs, and more importantly prevent the schemes becoming a forced seller during a market sell off.
Oliver Jaegemann, CEO of AMX, said: "'Buy and maintain' approaches are more cost effective for many schemes, generating lower transaction costs and offering fees that are lower than active management. Implementing this via AMX can be even more cost effective by lowering total costs compared to higher trading-volume approaches."