AXA Managed Balanced Under Review Following Strategy Changes

Morningstar fund analyst Randal Goldsmith explains why AXA Framlington Managed Balanced has been placed Under Review from a Silver analyst rating

Morningstar Manager Analysts 6 November, 2015 | 12:42AM
Facebook Twitter LinkedIn

 

 

Randal Goldsmith: We like the AXA Framlington Managed Balanced Fund because of its straightforward equities and bonds approach. Lead manager Richard Peirson has selected the UK equities and bonds and he has used AXA Framlington's regional managers to select the overseas equities. 

For equities, they've looked for reasonably priced growth stocks. And on the bond side, they've focused on government issues. It's a simple low-cost approach that has worked over the long-term. 

So, why is it that we put the fund under review? AXA Framlington have announced that Richard Peirson is handing over significant parts of the management of the portfolio. In particular, his backup Jamie Hooper takes over management of the UK equities part of the portfolio and Nick Hayes takes over management of the bonds. Those two combined are about 50% of the total portfolio. So, it's pretty significant. In addition, the fixed income portion of the portfolio will be managed just slightly differently. It will now include corporate bonds.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AXA Framlington Glbl Sust Mgd R GBP Inc341.40 GBP-0.09Rating

About Author

Morningstar Manager Analysts

Morningstar Manager Analysts  research and rate hundreds of OEICs, unit trusts and investment trusts available for sale in the UK.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures