AXA Wealth sales have risen 48% to £2.9bn in the first nine months of this year, powered by strong results from its wrap platform, Elevate, and Architas Multi-Manager. Strong demand for pensions and offshore bonds also contributed to the performance.
AXA Wealth, which in September launched its new proposition following the sale of its legacy book to Resolution,
Developing countries wanting to use market instruments to scale up their mitigation efforts will soon have access to financial and technical support arising from a new global partnership launched today.
World Bank Group President Robert B. Zoellick announced the establishment of the Partnership for Market Readiness at an event on the sidelines of the UN Framework Convention on Climate Change conference in Cancun.
Investors are optimistic about prospects for a global economic recovery led by the developing world, notes a report launched today by the World Bank’s Multilateral Investment Guarantee Agency (MIGA) at a Financial Times Summit in London. The report, World Investment and Political Risk, says that foreign direct investment flows (FDI) into developing countries are projected to increase by 17 percent in 2010. Investors from the extractive industries, as well as those based in developing countries, are particularly bullish in their investment intentions. This finding represents the business world’s confirmation of economists’ projections: FDI is expected to recover over the next couple of years, having declined sharply by 40 percent last year.