AXA IM to launch UK mid-cap fund

AXA Investment Managers is launching a UK mid-cap fund in early March, subject to FSA approval.

The fund will be managed by Chris St John, who has accrued over 11 years experience managing mid and small-cap portfolios. A qualitative approach will be used for stock selection, while ensuring risk management is integrated through the investment process. The launch complements AXA Framlington's fund range managed by the firm's UK equities team, consisting of 10 investment professionals managing over £4bn in assets across a range of market caps. Around 30% of total assets managed by the team are in FTSE 250 stocks. St John says: "The FTSE 250 has, on average, outperformed the FTSE...