Axa Investment Managers, part of the BNP Paribas Group, has launched two actively managed fixed income ETFs targeting inflation protection and income, with one focused on short-duration bonds.
The new funds — the AXA IM Global Inflation-Linked Bond Opportunities Ucits ETF and the AXA IM Short Duration Income Ucits ETF — offer exposure to high-quality fixed income assets and are classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation.
The AXA IM Global Inflation-Linked Bond Opportunities ETF focuses on a portfolio of inflation-linked bonds issued by governments of the Organisation for Economic Co-operation and Development countries. The strategy draws from the Bloomberg World Government Inflation 1–10 Year Total Return Index (USD Hedged), with a total expense ratio (TER) of 0.20%.
The AXA IM Short Duration Income Ucits ETF targets short-duration investment-grade bonds from global issuers, including governments, corporates and public institutions. Its benchmark is the Bloomberg Global Aggregate Corporate 1–3 Yrs Total Return Index (USD Hedged) and it carries a TER of 0.19%.
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Both ETFs are physically managed and initially available in US dollars and euros on Deutsche Boerse Xetra. Listings on Borsa Italiana and Six Swiss Exchange are expected shortly.
At launch, the funds are available to institutional and retail investors across Austria, Denmark, France, Germany, Ireland, Italy (institutional only for now), Liechtenstein, Luxembourg, Netherlands, Norway, Portugal, Spain and Sweden.
Olivier Paquier, global head of ETF sales at Axa IM, commented: “With these two new active ETFs, we are continuing to expand our range in line with our ambition: to offer investors a wide range of relevant and innovative investment solutions, enabling them to further diversify their portfolios. These two active ETFs combine two of AXA IM’s key areas of expertise: conviction-driven management based on rigorous proprietary research and the proven experience of our Fixed Income investment teams.”
