AXA Investment Managers has rebranded its global opportunities fund and appointed a co-manager following the restructure of its investment team.
From next month the AXA Framlington Global Opportunities Fund will be known as the AXA Framlington Global Thematics fund, with Amanda O’Toole (pictured) co-managing the vehicle alongside global equities head Mark Hargraves.
The move comes AXA IM Framlington restructured its research team around five core thematic ideas it believes capable of returning +10% a year over coming decades.
Under its new badge the Thematics fund will base its investment decisions on these five themes, which the firm has labelled Evolving Economy, Ageing & Lifestyle, Automation, CleanTech, Connected Consumer and Transitioning Societies.
Typically more than 70% of the portfolio will consist of companies with high or medium 'purity' of exposure to a theme, the firm said, with at least 10% of their revenues coming from the theme.
The strategy will typically have around 20% exposure to each theme.
O'Toole, who joined the firm in 2011, heads the CleanTech research pod, which deals with low-carbon economy solutions and sustainable resources management. She has been assisting Hargraves on the fund since last August.
On her appointment, O'Toole said, ‘I am excited to be working with Mark Hargraves and the wider thematic equities team at Framlington Equities to deliver a diversified multi-cap global portfolio aligned with key secular growth themes.
‘We seek early exposure to multi-decade growth trends in areas of fundamental change.’
She added: ‘While innovative in its strict adherence to thematic revenue generation from the evolving economy, investors should be assured that the strategy’s investment process is “classic Framlington” – bottom-up stock selection through disciplined fundamental analysis.’
The AXA Framlington Global Opportunities fund has returned 29.2% in the three years to the end of March, compared to a sector average of 27.7%.