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'Orgeval 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'Orgeval 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.”