AXA Group assets (covering €788bn) are managed by AXA Group entities. Namely: AXA Investment Managers (covering €448bn), AB (covering €116bn) and other AXA companies (covering €224bn) (https://www-axa-com.cdn.axa-contento-118412.eu/www-axa-com%2Fa66240fc-2d7b-444b-b798-ae2c19502e79_axa_financial_supplement_2017.pdf page 58)
Internal Investment Managers:
AXA Investment Managers is a global asset management firm based in Paris, France. It has EUR746 billion in assets under management (https://www-axa-com.cdn.axa-contento-118412.eu/www-axa-com%2Fa66240fc-2d7b-444b-b798-ae2c19502e79_axa_financial_supplement_2017.pdf). It is 100% owned by the AXA Group. AXA Group fully consolidates AB.
AllianceBernstein L.P. (AB) is a global asset management firm based in New York , U.S. It has EUR468 billion in assets under management (https://www-axa-com.cdn.axa-contento-118412.eu/www-axa-com%2Fa66240fc-2d7b-444b-b798-ae2c19502e79_axa_financial_supplement_2017.pdf). It is 63% owned by the AXA Group. AXA Group fully consolidates AB.
For the purposes of this reporting AXA IM & AB are "direct - internal" investment managers
AXA Group's responsible investment (RI) activities apply to the insurance group's general account (GA) assets only (covering €575bn). As discussed the RI activities that relate to the GA assets are overseen by the Group RI Committee (RIC) and covered by the Group RI policy.
Life Insurance Separate Account assets (covering €175bn) are managed by AXA IM, AB and Architas, another AXA company, and are subject to RI policies of those entities that are in aligment with overall AXA Group policies and objectives
As such and at large, the responses provided in this report refer to AXA Group activities at the strategic / overall policy level (OO, SG) and activities carried out by AXA IM and AB in their respective categories (LEI, LEA, FI, PR) and assets managed.
Third party assets in asset management activities owned by the AXA Group (covering €651bn) managed by either AXA IM or AB are not included, however are covered by strategies and policies of AXA IM and AB - more information available on respective websites and PRI Transparency reporting of these entities.
INF: is an aggregation of information coming from Ardian that manages the Group's infrastructure equity portfolio and AXA IM Real Assets that manages the Group's infrastructure debt portfolio.
SAM: covers the Group's Private Equity assets (including the Group's Infrastructure Equity assets), currently managed by Ardian, a third-party investment firm (previously a subsidiary of AXA Group).