AXA IM Framlington has restructured its research team around five core thematic ideas it believes capable of returning +10% a year over coming decades.
In a change intended to boost its long-term active management, AXA IM's global internal research will incorporate the themes which it believes will be fundamental to a successful growth strategies in the year ahead.
Ageing and Lifestyle, will be led by Dani Saurymper, focusing on the consequences and opportunities of extended life expectancy
Connected Consumer will be led by Jeremy Gleeson, covering the e-commerce value chain and digital transformation
Automation will be led by Tom Riley, encompassing applications of robotics and automation across a variety of industries
CleanTech will be led by Amanda O’Toole, covering low-carbon economy solutions and sustainable resources management
Transitioning Societies will he led by Anne Tolmunen. focusing on the economic inclusion and changing consumption patterns both in developed and, in particular, emerging markets.
AXA IM global head of Framlington equities Mark Beveridge said: 'Equity investment is changing. While globalisation has made geographical listing less relevant for investors, sector definitions have also not evolved over time; the reality is that markets and companies have.'
'Companies are increasingly multi-sector businesses and traditional sector definitions do not apply any longer. For example how do you classify companies like Amazon; is it a cloud company, logistics firm, e-commerce or an organic food retailer?'
Framlington equities head of global strategies Mark Hargraves pointed out the themes were already well covered by the firm's regional and sector managers.
'This is not new for us, just a proactive, more structured way of identifying the growth opportunities prevalent in the Evolving Economy to clients, Hargraves said.
'Ultimately by adapting our internal research focus this enables us to optimise research activities to fully capture the investment implications of these five thematics that are influencing the global economy.
'This provides an additional way to identify true growth companies with pricing power and competitive advantage, without being constrained by the traditional barriers of sectors. Many companies are no longer respectful of these sectors and are changing, so are we.'