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At the Gates with AXA IM: Fund turnovers to free up once retrocession fees abolished

Currently, Hong Kong and Singapore’s lean fund distribution platforms are treating select products as “sacrosanct” due to rebate arrangements. However, Terence Lam, AXA Investment Management’s (IM) APAC head of sales and marketing, believes that the abolishment of retrocessions – however imminent – will lead to a more dynamic environment, with far greater product turnover within portfolios. “I would imagine [the…

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