Financial services firm, Axa Australia, has reorganized its licensee model portfolios, Investor Daily reports. It has excluded the Axa Global Equity Growth Fund from the international equities component of the superannuation accumulation portfolio and has replaced it with the Aberdeen International Actively Hedged strategy. The firm has also reduced its allocation to the Colonial Global Credit Income, Bentham Syndicated Loan and BlackRock Monthly Income funds. Axa has substituted Arrowstreet hedged to Arrowstreet unhedged in the tax-aware model. The changes will be effective from July 1, 2011.
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