Emerging markets yes, but there's money still in Europe: Axa

The €524 billion ($713.1 billion) Axa Investment Managers is keen to source more business from emerging markets, particularly Asia, and is re-jigging its product offering to cater to such investors. However, Paris-based CEO Dominique Carrel-Billiard says developed markets continue to offer key opportunities as well. He says that Asia, Japan and the Middle East today comprise under 10% of sourced assets under management. (According to AsianInvestor’s December edition, Axa IM sources $3…