
21 JUL, 2025

AXA Investment Managers has announced that its AXA WF Euro Credit Total Return fund has exceeded €4 billion in assets under management (AUM), marking a key milestone nearly a decade after its launch. The fund, which was introduced in 2015, aims to offer a flexible fixed income strategy that adjusts to different market cycles.
The fund has seen sustained inflows since 2022, benefiting from favourable conditions in the bond market. Designed to adapt to changing interest rate environments, the strategy focuses on euro-denominated credit exposure beyond traditional indices. It employs rigorous credit analysis, targeted sector allocation, and a high-conviction approach to security selection.
AXA IM positions the fund as a solution for investors seeking diversification and adaptability. It is now part of a small group of euro credit strategies managing over €4 billion, reflecting increased demand for flexible income solutions in a volatile market landscape.
AXA IM reports rising interest in the fund from both institutional and private investors. The firm attributes this to the fund’s capacity to respond dynamically to market shifts and interest rate risks.
In times of geopolitical uncertainty, volatility becomes our constant companion. However, it is precisely in that turbulence where we can find opportunities and generate returns.
Benoit de Laval, Senior Portfolio Manager, AXA IM.
The fund is managed by AXA IM, part of BNP Paribas Group.