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Article: FUND MANAGEMENT: Axa plans to merge another two funds.
- Article from:
- Fund Strategy
- Article date:
- October 5, 2009
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Axa Investment Managers is proposing to merge the #39m Axa UK Opportunities fund into the #114m Axa Framlington UK Growth fund.
If approved by the unitholders of the Axa UK Opportunities fund, the merger will take place this week. Axa has scheduled an extraordinary meeting (EGM) for October 8.
Jamie Hooper, the manager of the Axa Framlington UK Growth fund, will continue to run the enlarged vehicle. Richard Marwood, the manager of the Axa UK Opportunities fund, stays on the Axa team that manages the group's range of distribution funds, which run #10.5 billion of assets.
The merger is part of an ongoing fund rationalisation at Axa that ...