AXA IM to make Mid Cap fund available to retail investors

AXA Investment Managers is adding a retail share class to its AXA Framlington UK Mid Cap fund at the end of Q2.

The Mid Cap fund, managed by Chris St John and Dan Harlow, was launched on 4 March for institutional investors, with a minimum investment of £100,000 However, the group is now planning to take it to the wider market, with a retail share class which has a minimum investment of £1,000. AXA launched the Mid Cap fund for St John following his success at the helm of the group’s UK Smaller Companies fund. St John, who took over the £59m portfolio following Roger Whiteoak’s shock departure in 2008, has returned 34.6% to investors in the last year, ahead of the peer group average return of 2...