AXA Distribution - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral 

Morningstar Analysts 4 September, 2015 | 7:24AM
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Following a recent Morningstar Analyst Ratings Meeting, Morningstar has moved the AXA Distribution fund to a Neutral Rating. The fund was previously rated Bronze. Despite the long experience of the fund’s manager, Richard Marwood, and his three colleagues who work with him on distribution products, the fund applies a relatively inactive approach and has delivered performance over a number of market cycles that is not significantly different from average. Our conviction in the offering has therefore reduced.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AXA Distribution R Inc109.40 GBP-0.36Rating

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