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Axa adding two multi funds to select Oeics

Axa Investment Managers is adding two multi-manager funds to its select Oeic range in a bid to capture investors with low or average risk profiles.

The select active portfolio aims for capital growth over the medium to long term through exposure to a wide spread of geographical regions and asset types.

It will have a 50 per cent weighting in UK equities, with the remainder of the portfolio in US, European, Pacific and emerging markets stocks.

The co-managers – chief investment officer Philippe d&#39Orgeval and director of retail investments Robert Wilson – will also be able to hold fixed income and cash in difficult markets.

The income fund, which is also managed by d&#39Orgeval and Wilson, will invest in UK corporate, Government and high-yield bonds and it will aim for returns through existing retail funds or specific mandates.

Charges for both are 5 per cent initial and 1.5 per cent annual.

Head of multi-manager Simon Ellis says: “We have added these two portfolios to offer greater choice and the ability to match more precisely the full range of needs of advisers and clients.”


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