4 min2018-10-05Use correlations for the multi-asset portfolioWhy volatility and correlations are important factors for portfolio management General information: This document is promotional material and not an investment law compulsory document. Investments involve considerable risks and can lead to the complete loss of invested assets. The information provided here by AXA Investment Managers Deutschland GmbH or its affiliates ("AXA IN DE") does not constitute an offer to buy or sell shares in the fund or to make use of financial services. The information in this document is not Decision support or investment recommendation, (supervisory) legal or tax advice by AXA IM DE, but are provided solely for information purposes. The simplified representation does not provide complete information and can be subjective. This document is for informational purposes only of the recipient. A transfer to third parties is neither completely nor partially permitted. Please note that this notification does not comply with the requirements of the applicable Directive 2004/39 / EC or 2014/65 / EU (MiFID / MiFID II) and the directives and ordinances issued thereon. The document is therefore not suitable for any form of distribution, consulting or financial services. Past performance results are not guaranteed and are not an indication of the future. The value and yield of an investment in funds may rise and fall and are not guaranteed. The information, data, numbers, facts, opinions and statements contained in this document are based on our state of knowledge and expertise at the time of preparation. A liability or guarantee for the timeliness, accuracy and completeness of the information provided will not be accepted. Information about the team's staff / or AXA Investment Managers is for information purposes only. We do not guarantee that employees will continue to be employed by AXA Investment Managers and will continue to belong to the named teams and / or AXA Investment Managers. Shares of the Net Asset Value of the Fund for illustration purposes only. Further information can be found in the respective KIID or sales prospectus: the target values are given for illustration purposes only and are not guaranteed. As of: October 02, 2018 © 2018 AXA Investment Managers. All rights reserved. Only for professional clients / not for private / small investors.