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Axa IM launches UK mid cap fund

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.


McMahon quits Friends for Aegon

Friends Provident managing director of UK corporate Paul McMahon has quit to join Aegon as group marketing director. Aegon life and pensions marketing director Andy Marchant has left as a result of McMahon’s appointment. McMahon says Aegon is pursuing an “exciting agenda”. He says: “Its refocused strategy presents significant opportunities for the business.” Aegon is […]


Nest picks mandate managers

The National Employment Savings Trust has chosen UBS, State Street Global Investors and BlackRock to manage the five investment mandates to be used by the scheme’s default fund. The passive global equities mandate has been handed to the UBS life world equity tracker, a fund which tracks the FTSE All-World Developed index. State Street will […]


FSA is accused of losing sight of pension aims

Pension providers say the FSA ignored the advice it received from the industry before its consultation on radical changes to Sipp disclosure rules. AJ Bell marketing director Billy Mackay says the regu- lator has “lost sight” of its aims in its consultation paper on pension disclosure, published last week, and has failed to heed advice […]


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