Axa terminated a number of property funds, including the Axa Diversified Property Securities Fund and Axa Global Property Securities Fund.
According to data from Morningstar, the Axa Diversified Property Securities Fund had $157 million in funds under management, while the Global Property Securities Fund had about $260 million in its hedged and unhedged versions.
The terminations were decided on because of the significant decline in the size of each fund, Axa said.
==
==
