Axa unveils sterling short-duration credit fund

Axa Investment Managers is launching a sterling-denominated short-duration credit fund.

The portfolio will be managed by Julie Lamirel, who runs the £212m Corporate Bond fund alongside Theo Zemek. Axa Sterling Credit Short Duration Bond will primarily hold investment grade corporate debt with a maturity ceiling of five years from date of purchase. The portfolio can also hold up to 10% in short-duration high-yield bonds. The fund, which is launching tomorrow, is the latest in a series of specialist short-dated bond products from the group, which includes Anne Yobage’s popular US Short Duration High Yield fund. Axa IM’s head of UK Sales Rob Bailey says the launch is in ...