Based on the provided information, AXA Investment Managers was acquired by BNP Paribas Group in July 2025. Subsequently, a merger occurred between AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe, along with their respective holding companies, on December 31, 2025. The combined entity now operates under the BNP PARIBAS ASSET MANAGEMENT brand. This indicates a shift in strategic direction for AXA Investment Managers, essentially ceasing to operate independently. The investment thesis is now assumed to be aligned with BNP PARIBAS ASSET MANAGEMENT, focusing on unified structure and potential synergies resulting from the merger.
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