AXA launches global equity fund

MANILA, Philippines -  AXA Philippines is offering Global Advantage Fund, a dollar-denominated equity investment, allowing investors to expand their portfolios.

The Global Advantage Fund is a US-dollar equity fund that has exposure to the Nasdaq 100, the stock market index of the 100 largest non-financial companies from major industry groups such as biotechnology, computer hardware and software, retail/wholesale trade, and telecommunications that are listed in the Nasdaq, the second largest stock exchange in the world.

Since its launch last July 2012, the Global Advantage Fund has yielded an impressive 12-percent growth for its dollar investors (as of July 11, 2013). Interested investors can invest in the Global Advantage Fund through the single-pay US dollar insurance products of AXA Philippines, namely Ambition X Dollar or Dollar aXcess.

Besides giving access to Global Advantage Fund, Ambition X Dollar provides a loyalty bonus on the policy’s 10th and 20th year based on five percent of the client’s average account value for the last five years.

Moreover, Ambition X Dollar gives clients life insurance coverage until age 100 of at least 125 percent of the single-pay investment.

On the other hand, Dollar aXcess has an 80-percent capital-guarantee feature, provided that the investor holds it until policy maturity on 2020 or 2021. It gives investors the best of both worlds – capital protection and upside potential, and life insurance coverage of at least 125 percent of the single pay investment.

AXA Philippines is a joint undertaking between the Metropolitan Bank & Trsut Co. (Metrobank) and AXA, the world’s number one global insurance brand (based on the 2011 Interbrand Report). AXA, which originated in France, has global assets under management of more than one trillion Euros at the end of 2012.