AXA Investment Managers (AXA IM) has launched a UK-domiciled global credit fund that will invest in the low-carbon transition, with Willis Towers Watson’s LifeSight defined contribution master trust providing seed capital.
The AXA Carbon Transition Global Core Credit Fund is the fifth AXA IM fund to adopt the ‘Sustainability Improvers’ label under the Financial Conduct Authority’s Sustainability Disclosure Requirements regime.
The fund aims to deliver income and capital returns over the long term, offering a robust core building block for pension investors seeking broad, diversified credit exposure with a more selective and forward-looking approach, said AXA IM, part of BNP Paribas Group since the close of its acquisition in July 2025.
It also aims to contribute to the global transition to net zero by investing in issuers which demonstrate a clear and credible commitment to achieving net zero carbon emissions by 2050 or are decreasing their carbon emissions intensity to achieve net zero emissions by 2050.
LifeSight’s seed capital investment starts at £400 million (US$535 million), and is expected to rise to as much as £1 billion by 2027.
Andrew Doyle, Lead Investment Adviser to LifeSight, said the fund new vehicle would serve its default fund members during later stage accumulation and decumulation. “It will help manage risk during these important stages by providing valuable geographic diversification and through incorporating climate risk. We believe this will continue to improve on the strong outcomes we have achieved to date for our members.”
AXA IM manages approximately €853 billion (US$1.002 trillion) in assets , of which €493 billion are categorised as ESG-integrated, sustainable, or impact investments.
