The eurozone crisis may be getting so bad that investors need a whole new type of share – or at least that is what AXA Investment Managers seems to think.

Long-term investors facing rock-bottom bond yields are anxious for equity-like returns, but continue to fear that the next twist in the eurozone tale might push European equities off a cliff altogether. AXA IM, however, thinks it has come up with a way of allowing investors to have their cake and eat it.