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