AXA Investment Management is on track to invest €4 bn globally this year, Isabelle Scemama, head of funds group, real assets, at the Paris-based investment company, told PropertyEU at Expo Real in Munich last week.
'It's a challenging market,' she acknowledged. 'The negative interest rate environment was a bid to restore growth but the reality is that it is not working that well. In this market, you have to be selective and cautious.'
And while AXA IM is being more cautious regarding investment in the UK following the shock vote to leave the EU, the environment here is also creating new opportunities, Scemama noted.
The asset management group is also mulling launching niche funds next year, Scemama said, although details have not yet been disclosed.
