AXA Framlington Managed Balanced - Neutral

FUND RESEARCH UPDATE: Fund rating downgraded to Neutral

Muna Abu-Habsa 19 November, 2015 | 9:40AM
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Following a recent Morningstar Analyst Ratings Meeting, Morningstar have moved the AXA Framlington Managed Balanced fund to a Neutral Rating. The fund was previously rated Silver, but longstanding manager Richard Peirson is handing over management of both the UK equities and fixed income portions of the portfolio to other team members, retaining only responsibility for asset allocation positioning. The latter has been inactive relative to security selection; and the new managers, who have responsibility for over 50% of the portfolio, have mixed records. Our conviction on the fund has therefore reduced.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
AXA Framlington Glbl Sust Mgd R GBP Inc335.50 GBP-0.33Rating

About Author

Muna Abu-Habsa  is a senior investment research analyst at Morningstar

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