AXA Investment Management has today announced its intention to launch a UK mid cap fund.
The fund launch is anticipated to occur in early March but it is still subject to FSA approval.
The fund will be managed by Chris St John, currently a portfolio manager for AXA Framlington. St John has over 11 years experience in managing mid and small cap stocks.
St John says the fund will take a qualitative approach to stock selection.
The minimum investment in the fund is expected to be £100,000.