- Talented people make the difference!! For more information : www.axa-im-talents.com
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- John Pierpont Morgan(JP Morgan) 4
1100% 900% 700% 500% 300% 100% -100% Dec. 2000 Dec. 2001 Dec. 2002 Dec. 2003 Dec. 2004 Dec. 2005 Dec. 2006 6
AXAIM Talents Talents, AXA B Talents, Sophia Talents, AXA WF Talents, AXA Talents) 7
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Talents (Charles Firmin-Didot) 1982 2000 Talents. 12 JP Morgan,, M&A. 1985 AXA IM Sophia Asset Management. Talents., Talents. AXA IM,,, IT. Guillaume de Corbiac 2004 6 Talents. ESSEC Business School..,,. Alexandre Chapellier 2005 11 Talents ESCP EAP European School of Management.,,.. Florian Cornu 2006 4 Talents. Grenoble Corporate and Market Finance.,,. Ashutosh Soman 2005 6 Talents. Cass Business School Investment Management.., Jay Chow 2005 7 Talents. Bradford Busienss Management Greater China. Matthieu Langeard 2007 6 Talents.. Talents CM-CIC Gestion,,,. 14
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1~3% 1% 1% 15 60 30 19
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Sell Buy Buy Buy Source : /AXA IM 23
Dell share price since 1988 Buy Source: Bloomberg and AXA IM(2007. 6. 25.) 24
2000 12 Sell Buy Source : /AXA IM 25
Sell Buy Source : /AXA IM 26
United Breweries share price over 5 years Buy Source : /AXA IM 27
é Buy Source : /AXA IM 28
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AXA WF Talents MSCI World* * MSCI World. Source: AXA IM Global Risk Monitor (2007 9 17 ). AXA WF Talents A. 31
AXA WF Talents 22% MSCI World* 5% 31% 95% 47% : < 6,100 : > 6,100 < 3.7 : > 3.7 * MSCI World. Source: AXA IM Global Risk Monitor (2007 9 ). AXA WF Talents A. 32
MSCI World Growth bias - Mid cap bias - Sector bias MSCI :,,, MSCI :, Region bias Asia 20% overweight 20% underweight 33 33
+ 137.1% + 55.5% Year AXA WF Talents A-Cap ($) MSCI World Net ($) 2007.8.31. 2.8% 6.4% 2006 21.6% 18.8% 2005 7.8% 8.8% 2004 27.0% 13.3% 2003 66.1% 31.6% 2002-22.5% -20.5% 2001* 7.8% -4.7% 2002: 2003: 2005: Source: Bloomberg. 2007 8 31 USD. * 2001 8 24 ~ 2001 12 31,. 34
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(2005 ~ 2006 ) 2006 7 Standard&Poors Fund Rating AA 2006 4 Lipper 2006 4 Investissements Counsel 3 2005 12 Standard&Poors Fund Rating 5 Star 521 6 2005 11 Investissements Counsel 2005 1 Cash&Morningstar 36
[] AXA Group
AXA Group - 2 AXA 52 * 12 A worldwide presence,,, * Standard & Poor s(aa AA-, ) Moody s (Aa3, ), Fitch(AA AA, ) 107 1,775 & AXA Investment Managers AllianceBernstein *as at 31/12/2006 38
AXA Group - 6 Top 10 - (31/12/2005) 2,000 1,800 1,710 AXA Group 1,600 1,400 1,200 1,000 800 1,283 1,267 1,222 1,206 1,064 989 957 871 812 *: 743 600 400 Multi-expert 200 0 Top - (31/12/2005) 2,000 UBS AG Barclays Global Investors Allianz Group State Street Global Fidelity Investments AXA Group Capital Group Crédit Suisse Deutsche Bank AG Vanguard Group - AXA REIM() - AXA Private Equity(PEF) - AXA Framlington(Active) - AXA Rosenberg(Quant base) 1,800 1,600 1,400 1,267 1,200 1,000 800 600 1,064 549 485 462 *: 752 Investment style 400 200 0 Allianz Group AXA Group ING Groep NV AIG Global Investment Aviva plc Source: Pensions & Investments / Watson Wyatt Global 500 survey. *As at 31/03/2007 39
AXA Investment Managers : 743 : 79 2,800 19 (,,, ) : 700 3 : - AXA World Funds - AXA Rosenberg Equity Alpha Trust - Easy ETF : 40
AXA IM STOCKHOLM AXA REIM ENDINBURGH AXA Framlington LONDON AXA IM AXA Framlington AXA Private Equity AXA REIM AXA Rosenberg PARIS AXA IM AXA Private Equity AXA REIM LUXEMBOURG AXA IM BRUSSELS AXA IM AXA REIM FRANKFURT AXA IM AXA Private Equity AXA REIM COLOGNE AXA REIM UTRECHT AXA REIM AMSTERDAM AXA IM TORONTO AXA Rosenberg MINNEAPOLIS AXA IM NEW YORK / GREENWICH AXA IM AXA Private Equity AXA Rosenberg TOKYO AXA IM AXA REIM AXA Rosenberg HONG KONG AXA IM AXA Rosenberg ORINDA AXA Rosenberg SINGAPORE AXA IM AXA Private Equity AXA Rosenberg Investment Management Centres & Client Servicing Client Servicing GENEVA AXA IM ZURICH AXA IM AXA PE LISBON AXA REIM MADRID AXA IM AXA REIM MILAN AXA IM AXA REIM AXA PE ROME AXA REIM BUDAPEST AXA REIM QATAR AXA IM SYDNEY AXA Rosenberg 41