AXA Investment Managers (AXA IM) is set to launch a new unconstrained multi-cap UK equities fund, AXA World Funds Framlington UK, on 2 March 2016.
The fund, which will be managed by Chris St John alongside fund manager Nigel Thomas, will offer the offshore market first access to the AXA IM Framlington Equities UK investment team.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Luxembourg-domiciled SICAV will rely on an unconstrained multi-cap approach with a structural bias to mid-cap and small-cap companies relative to the FTSE All Share index.
The new offering aims to identify undervalued growth opportunities using a bottom-up, high conviction stock selection process.
The fund will be registered for distribution in the UK, France, the Netherlands, Sweden, Finland, Norway, Denmark, Austria, Belgium, Germany, Italy, Switzerland and Spain.
Chris St John said: "Whilst I remain committed to managing the AXA Framlington UK Mid Cap fund, taking an unconstrained multi-cap approach with this new strategy will allow us to offer clients our expertise in UK equities, perhaps appealing to those who wish to diversify away from the benchmark.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"With a growing domestic economy and reinvigorated levels of corporate activity that look set to continue into 2016, we believe there is a plethora of fast growing UK companies that are benefitting from these positive tailwinds.
"In addition, the unconstrained approach will give us the ability to invest across the UK equity market, in companies benefitting from global secular trends and those that should directly benefit, should economic growth outside of the UK accelerate."
AXA IM head of UK wholesale distribution Rob Bailey said: "We are excited to bring this fund to the market and feel we are meeting demonstrable client demand for a UK multi-cap fund in the offshore market where supply is limited, as well as for UK clients."
