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Managed funds down at AXA Asia Pacific - Yahoo!7 Finance News

Wednesday February 3, 2010, 1:49 pm Takeover target AXA Asia Pacific Holdings Ltd (AXA APH) suffered a three per cent decline in group managed funds during 2009, with a stronger performance from its insurance business buffering falls in wealth management. AXA APH on Wednesday

Managed funds down at AXA Asia Pacific

AAP AXA APH on Wednesday said its insurance business had grown across all markets, with inforce premiums - the difference between new and discontinued insurance policies - particularly strong in Asia. Inforce premiums for AXA APH's Hong Kong unit increased by eight per cent to $HK6.605