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AXA IM repurposes AXA Framlington European fund as Clean Economy fund
Onshore version of global mandate
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Amanda O Toole of AXA IM will run the repurposed fund
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.