On 30 August 2023, we terminated the AXA IM Wholesale Sustainable Equity investment option and suspended transactions. The fund will be removed from the FirstChoice investment menu.


The termination will occur on 28 September 2023.



Why have we terminated this option?


The number of investors in the AXA IM Wholesale Sustainable Equity investment option has not met a level of scale for the ongoing implementation of the investment strategy, and as such, we have determined that it is in the best interests of the investors to terminate this option.  



What affect will this have?


At 3pm on 30 August 2023, we suspended transactions on the AXA IM Wholesale Sustainable Equity investment option. This means we haven’t processed applications, switches or redemption requests after 3pm on 30 August 2023 for investment option below:

Investment option
FirstChoice Wholesale Investment
Investment option
FirstChoice Wholesale Investment

AXA IM Wholesale Sustainable Equity

FirstChoice Wholesale Investment


What’s next?

For those invested in the option, we will return their share of their investments in the option from the termination proceeds to their nominated bank account from 28 September 2023.     

If those invested in the option would like to reinvest this money into a different option within their FirstChoice account, they will need to contact us before 26 September 2023 by:

  • uploading the completed investment switch form online via e-Post in FirstNet;
  • completing the investment switch form and returning it to us by mail; or
  • calling us on 13 13 36.

We’re here to help


For more information about these changes, please refer to the relevant PDS, speak to a financial adviser if you have one, or call us on 13 13 36, 8:30am to 6pm Monday to Friday Sydney time. 

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.


Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at  https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.