In-house managers and strategic partners
The AXA Group includes other fund management companies which we refer to as in-house managers, such as AXA Investment Managers and AllianceBernstein. We, Architas, may choose to include funds managed by in-house managers, which we refer to as in-house funds, within our multi-manager funds.
AXA also works closely with a select number of external fund managers which are referred to as strategic partners. These partners are selected on the basis of their strengths under certain criteria and we may choose funds from the strategic partners to make up our multi-manager funds. In the UK, we follow an in-depth research process that ensures that the funds selected for our multi-manager funds are included on the potential benefits they could bring to our Architas funds.
We are not influenced by the AXA Group to include in-house or strategic partner funds over funds from other fund managers; funds are selected on their consistency to meet their objectives. We regularly review our selection of funds, including those from strategic partners and in-house managers, to ensure they continue to be appropriate and in your best interests.
When determined to be in the best interest of our clients we may also, from time to time, appoint in-house managers and/or strategic partners as investment manager to some of our multi-manager funds under the terms of a formalised investment management agreement. Under these sub-delegated arrangements, Architas maintains the overall responsibility for the investment management of our funds, and monitors, on a regular basis, the compliance of the appointed manager with the requirements of the investment management agreement. Any such appointments are typically put in place at the fund launch date, and are subject to formal internal governance and approvals, including those required from the regulator and depositary.
Currently, sub-delegated arrangements are in place for the funds detailed below;
- Architas BirthStar® Funds (appointment of AllianceBernstein Limited)
- Architas Multi-Manager Diversified Protector Funds (appointment of AXA Investment Managers Paris).
Further information of any such appointments are disclosed in more detail within the relevant prospectus of the Architas funds which are available, free of charge, from us.