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Axa Builds "Fund of Funds" for Socially Responsible Investing

Axa Builds "Fund of Funds" for Socially Responsible Investing

If you're a fund that supports microloans for education, what percentage of those loans are awarded to women? How many help people who are the first generation of their family to attend college? How do the loans improve access to education for those in rural areas? What follow-up is there with recipients afterwards? These are the kinds of questions AXA Investment Managers are asking fund managers as the company's Responsible Investment team builds a fund of funds for its parent company, AXA Group. At play is 150m euros ($208m) in AXA Group assets.

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