AXA IM repurposes AXA Framlington European fund as Clean Economy fund

Onshore version of global mandate

AXA Investment Managers (AXA IM) has repurposed its £63.8m Framlington European fund as a Clean Economy fund, Investment Week can reveal.

The AXA ACT Framlington Clean Economy fund will be an onshore version of a global strategy that has been running for three years. The annual management charge of the fund will remain unchanged and 5% of management fees now paid will be donated to the Epic Foundation. The Z share class has an ongoing fee of 0.86% according to its Key Information Document. Managed by Amanda O'Toole, the new Clean Economy fund will invest in companies operating across the clean economy, whose activities support the energy transition and the drive toward resource optimisation and waste and pollution reduc...