The £7.2bn Artemis Income and £4.3bn Axa Framlington UK Select Opportunities funds are among the largest funds to be dropped from the FE Invest Approved fund list and its model portfolio service in the latest biannual rebalancing.
For the first time, head of FE Research Rob Gleeson (pictured) has revealed the details of the move, which has seen the expulsion of 12 portfolios. Other large vehicles that did not make the cut include the £539m Schroder UK Dynamic Smaller Companies fund and the £1.6bn Kames High Yield Bond fund. The full list of funds sold and bought can be seen in the table (right). The Invest Approved fund list comprises 130 active and passive products rated by FE analysts, which then find their way into the group's model portfolios, targeting different levels of risk and investment horizons. F...
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