AXA Framlington UK Mid Cap Z Acc

UK Growth

Rated Fund 2016-2018. Strong stock-picking among medium-sized companies

This fund was highly commended in Money Observer's fund awards in 2015 and 2016. It taps into the potential for medium-sized companies to outperform their larger counterparts over the long term.

A minimum of 70 per cent will always be invested in members of the FTSE 250 index, but it can have up to 15 per cent in members of the FTSE 100 index. This gives manager Chris St John flexibility to run his winners, should companies progress up the size scale. He typically holds between 60 and 80 stocks, with a maximum portfolio weighting of 4 per cent to minimise risk.

When searching for investments St John looks for opportunities on three levels. First, bearing in mind economic trends, he looks for companies that operate in areas where they are likely to benefit from, rather than be hindered by, such developments. This usually means focusing on themes that are secular in nature and likely to evolve over a prolonged time period to match his three- to five-year investment horizon.

Second, he researches individual companies, meeting managers and finding out about profit drivers. Third, he considers valuations, calculating the potential returns for the level of risk taken.

He says the advantage of his investment universe is that there are always new companies coming into the index, which gives him plenty of scope for stock-picking. As a long-term investor, it is also possible to benefit from their growth.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
AXA Framlington UK Mid Cap Z Acc
Manager
AXA Investment Managers UK Ltd
Type
Unit Trust
ISIN
GB00B64W4Q70
Sector
UK All Companies
Launched
04/03/2011
OCF
0.84 %
Risk Rating
3
3 Year Sharpe
0.86
3 Year Alpha
0.79
Yield
1.3 %
Benchmark
FTSE 250 TR GBP
The aim of this Fund is to provide long-term capital growth.
Holding %
Homeserve PLC 2.53 %
Dechra Pharmaceuticals PLC 2.46 %
RPC Group PLC 2.42 %
Melrose Industries PLC 2.32 %
SSP Group PLC 2.21 %
Ascential PLC 2.09 %
Safestore Holdings PLC 2.06 %
Electrocomponents PLC 2.03 %
On The Beach Group PLC 2.03 %
BBA Aviation PLC 2.01 %
Region %
United Kingdom 100.00 %
Sector %
Industrials 29.42 %
Consumer Cyclical 21.48 %
Financial Services 11.69 %
Technology 8.41 %
Healthcare 8.33 %
Real Estate 7.62 %
Basic materials 7.30 %
Name
AXA Investment Managers UK Ltd
Address
EC1A 7NX, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Chris St John
Joined 03/04/2011

Data provided by Morningstar.

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