AXA Asia Pac growth mixed

/, Life Insurance/AXA Asia Pac growth mixed

Life Insurer AXA Asia Pacific enjoyed strong year-to-December fund flows in China, India, Thailand and Malaysia but ‘new business’ outside insurance slowed in Australia, New Zealand and Hong Kong.

The company announced last week that due to the weak markets globally, total group funds under management, administration and advice over the twelve months to 31 December 2008 fell 23 percent to $84 billion.

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