AXA is a global leader in the insurance industry which was founded by 1985 by Claude Bebear. This is a French company that has its headquarters in Paris. Actually, AXA is not a single company but a group of different companies that have distinct identities and are operating under the regulations of the countries they are currently located.

The businesses that AXA is involved with includes health, life and other types of insurance and also investment management. The AXA group are concentrated in the areas of Western Europe, Asia Pacific, Middle East and Northern America.

The five business segments of the AXA group of companies are namely: Property and Casualty, International Insurance as well as reinsurance, Asset Management, Life and Savings as well as Financial Services. In all of these business segments, AXA has a total of 189,000 employees all salaried and has a revenue of $122 billion by 2004. Based on revenues, Axa ranks as the 15th largest company globally on the 2006 Fortune Global 500 list.

AXA is not an acronym although it has always been written in upper case. The name was chosen for no special reason other than the fact that anyone from any nationality can say it easily. Initially, AXA was known as Ancienne Mutuelle however, this was replaced by Mutuelles Unies in 1978 then eventually became AXA by 1985.

As evidence of its continuing business success and expansion, AXA has acquired the leading Swiss insurance company known as Winterthur Group for 9 billion Euros.

Rivus Bond Fund is a close-ended fixed income mutual fund launched and advised by MBIA Capital Management Corp. The fund primarily invests in the fixed income markets of the United States. It makes its investments across diversified sectors. The fund primarily invests in short-term and long-term debt securities.

It invests in the securities rated within the highest four grades by Moody's or Standard & Poor's, obligations of the U.S. Government, or obligations of banks. The fund benchmarks the performance of its portfolios against the Lehman Brothers Aggregate Bond TR Index.

Rivus Bond Fund was found in 1838, it was earlier known as Bond-Debenture Trading Fund. It is a diversified closed-end management investment company. The primary objective of the Fund is to maintain high level of income. Its portfolio includes long-term debt securities, including mortgage-backed securities and asset-backed securities. The Fund invests in various sectors, including automotive, chemicals, diversified financial services, energy, insurance, media, mining, real estate investment trusts, telecommunications, utilities and transportation. MBIA Capital Management Corp. serves as the investment advisor of the Fund.

Rivus Bond Fund stock price and compare the performance of Rivus Bond Fund to several well-known benchmarks. RIVUS BOND FUND (BDF) in the past 24 months. The trade values of insider stock buys, sales, and option exercises are in logarithmic scale which explains that it has gone both up and down in the same year.

I can say that the Fund's objective is a high rate of return from interest income and trading activity. The Fund invests to debt securities in its market.