News

Difficult six months for AXA

Tuesday 26th of August 2003
AXA says the lack of a compulsory savings regime in New Zealand and a strong reaction to falling sharemarkets has contributed to a volatile funds flow.

Consequently, the company reported net funds outflows of A$142 million in the six month period. However, outflows reduced in the June quarter to A$15 million - the smallest outflow since the first quarter of 2002.

Results from AXA’s flagship...

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