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This message is for distribution to institutional and professional clients only and is not intended for retail customer use. This message is for informational purposes only and does not constitute, an offer to buy or sell, solicitation, recommendation or investment advice. It has been established on the basis of data, projections, forecasts, anticipations and hypotheses which are subjective. Its analysis and conclusions are the expression of an opinion, based on available data at a specific date.
The information contained in this message is not based on the particular circumstances of the recipient. This message does not take into account the recipient’s objectives, financial situation or needs.
Furthermore, due to the subjective nature of these analysis and opinions, these data, projections, forecasts, anticipations, hypothesis and/or opinions are not necessary used or followed by BNPP AM Alts’ management teams or its affiliates, who may act based on their own opinions and as independent departments within the Company.
This message may also contain historical market data; however, historical market trends are not reliable indicators of future market behaviour.
For illustrative purposes only. There can be no guarantee that any investment strategy described will be implemented or ultimately be successful. All information in this message is established on data made public by official providers of economic and market statistics.
By accepting this message, the recipient agrees that it will use the information only to evaluate its potential interest in the strategies described herein and for no other purpose and will not divulge any such information to any other party.
BNPP AM Alts disclaims any and all liability relating to a decision based on or for reliance on this message.
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AXA IM and BNPP AM are progressively merging
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.