axa template im blue v3
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1
AXA Euro Bond Income Fund
January 2004
2
Portfolio management
3
Active Fundamental Judgement
4
SRI
5
ACM
6
Rosenberg
7
Balanced
8
Hedge Funds
9
Structured
10
Core fixed Income
11
Specialist Fixed Income
12
Proposal for this mandate
Transfer value: £1.8m
Invested using the AXA Institutional pooled funds
to an asset allocation of:
- 50% UK Equities (UK Equity fund)
- 20% Property (Property fund)
- 30% Aggregate UK Bonds (UK Bond fund)
Services to consider: Rebalancing, In-specie transfer
Relationship manager: Gregory Ohlson
13
AXA Institutional UK Bond Fund
Annual performance returns as at 31 December 2003
CHART TITLE2003
Segment 1 Segement 2Segment 3 Segment 4
Segment 5
CHART TITLE2004
Segment 1 Segement 2Segment 3 Segment 4
Segment 5
14
AXA Institutional UK Bond Fund
Annual performance returns as at 31 December 2003
-28.0
-24.0
-20.0
-16.0
-12.0
-8.0
-4.0
0.0
4.0
8.0
12.0
16.0
20.0
24.0
28.0
FUND
INDEX*
SOME
Source : CAPS as at 31/12/2003% Returns based on offer to offer, income reinvested, net of fees
1999 2000 2001 2002 2003
15
AXA Institutional UK Bond Fund
ASSET ALLOCATION
60.3
1.1
47.0
0.0
38.6
53.0
0
10
20
30
40
50
60
70
GOVERNMENTS CORPORATE CASH
Fund
Index
MATURITY ANALYSIS
50.3
1.1
24.2
36.0
30.5
39.8
0
10
20
30
40
50
60
UNDER 5 YEARS 5-15 YEARS OVER 15 YEARS
Fund
Index
Annual performance returns as at 31 December 2003
16
Denis Gould
Head of Fixed Income, UK
AXA Investment Managers
Denis joined the group in June 1996 and is currently Head of Fixed Income
for AXA IM in the UK. Denis has extensive experience managing a broad
range of fixed-income funds.
Prior to joining AXA Investment Managers, Denis held positions with ABB
Investment Management, Fidelity Investment Service and Allied Dunbar
Assurance. Denis began his career as a Fixed Interest Investment Analyst
Graduate Trainee with Abbey Life Assurance.
17
Our Team
Denis Gould
Head of Fixed Income, UKAXA Investment Managers
Denis joined the group in June 1996 and is currently Head of Fixed Income for AXA IM in the UK. Denis has extensive experience managing a broadrange of fixed-income funds.Prior to joining AXA Investment Managers, Denis held positions with ABB Investment Management, Fidelity Investment Service and Allied Dunbar Assurance.
Denis Gould
Head of Fixed Income, UKAXA Investment Managers
Denis joined the group in June 1996 and is currently Head of Fixed Income for AXA IM in the UK. Denis has extensive experience managing a broadrange of fixed-income funds.Prior to joining AXA Investment Managers, Denis held positions with ABB Investment Management, Fidelity Investment Service and Allied Dunbar Assurance.
Denis Gould
Head of Fixed Income, UKAXA Investment Managers
Denis joined the group in June 1996 and is currently Head of Fixed Income for AXA IM in the UK. Denis has extensive experience managing a broadrange of fixed-income funds.Prior to joining AXA Investment Managers, Denis held positions with ABB Investment Management, Fidelity Investment Service and Allied Dunbar Assurance.