AXA Framlington Managed Balanced Fund - removal from the Wealth 150+

Heather Ferguson | Mon 02 November 2015

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Richard Peirson, manager of the AXA Framlington Managed Balanced Fund, has handed over responsibility for the UK equity portion of the portfolio to his co-manager Jamie Hooper. He has also passed the fixed interest portion of the fund to Nick Hayes of the AXA Framlington Fixed Interest Team. The global equity investments, covering the US, Europe, Japan and the emerging markets, will continue to be managed by AXA Framlington’s regional equity specialists.

Richard Peirson will continue to oversee the overall management of the fund. This includes deciding how much of the portfolio to allocate to each individual equity or bond manager in addition to deciding how much cash to hold.

Jamie Hooper has worked alongside Richard Peirson for three years and his approach is similar. The fund is unlikely to undergo any drastic changes under the new management. However, our conviction lies with Richard Peirson, so we have removed the fund from the Wealth 150+ list of our favourite funds across the major sectors, while we monitor how it adapts to the change in management. This is not a recommendation to make any changes to a portfolio provided it continues to meet its objectives. We will keep in close contact with the AXA Framlington Team during the transition period and will inform investors if our views change.

Read the key investor information document for the AXA Framlington Managed Balanced Fund.