AXA in ETF payment pact with JP Morgan
AXA Investment Managers has named J P Morgan as its information and paying agent in Belgium and the Netherlands for exchange traded funds.
AXA’s head of quantitative management, Timothy Ryan, said: “Our aim with such a partnership on our EasyEFT range of products is to expand our distribution capability over Europe. J P Morgan gives us both the expertise required and the support necessary to achieve this goal.”
“AXA were looking for a provider in the major markets in order to achieve their aim of distribution these funds outside of France,” said J P Morgan’s client Investor Services’ Brian Collings. The value of the contract was not disclosed.