Axa markets bond share class ideas to institutions

Axa Investment Managers believes that a new fixed-income product based on different share classes may appeal to Asian institutional investors. Jon Bailie, London-based global head of distribution at the €500 billion asset manager, says the idea originated in the area of global inflation-linked bonds. Governments issue Treasury inflation-protected securities (Tips) in long durations, with an average nine-year maturity. Investors are keen on inflation protection, but often prefer to inv…