View more on these topics

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.”

Recommended

GMAC-RFC launches 25 year mortgage

GMAC-RFC has launched a customised 25 year mortgage. Borrowers are able to choose between a fixed rate of 5.95 per cent, a variable rate that tracks the base rate plus 0.75 per cent, or combinations of the two. The fixed rate is available at up to 5 times income, and the tracker has no redemption […]

Nationwide shaves fixed rates and tracker loans

Nationwide Building Society has made slight reductions in the rates on its fixed-rate and tracker mortgages. Its two-year fixed rate goes down from 4.81 per cent to 4.79 per cent while the three-year fix rate is cut from 5.11 per cent to 5.09 per cent from 5.11 per cent and the five-year fix from 5.31 […]

Elderly face tax bill from Revenue review – STEP

A Government review of inheritance tax law may mean thousands of elderly home-owners and farmers will receive unexpected tax bills from April 2005 warns the Society of Trust and Estate Practitioners. The impact of the review of pre-owned assets and gifts with reservation could lead to unforeseen income tax liabilities arising, says the STEP. The […]

Correspondent&#39s week

A week with no business lunches to look forward to did not result from any lack of invitations but my diet, necessitated by instructions from a chiropractor to lose two stone. The drastic action, which resulted in non-essential eating engagements being banished from my diary, was to cure a bout of lower back pain – […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com