Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

AXA IM introduces single pricing across fund range

AXA IM introduces single pricing across fund range

AXA Investment Managers is to introduce ‘single swing’ pricing across its AXA Framlington fund range to simplify the buying and selling process for investors.

The firm has opted to introduce swing pricing instead of having bid and offer prices to protect the interests of existing unitholders by minimising the impact of large inflows or outflows.

Single pricing will be applied across the Framlington and AXA General unit trust ranges. It means the value of existing investors’ holdings is protected as the manager has the ability to swing the price of units for incoming and outgoing clients.

Funds across the range will move over to single pricing in batches in September and early October. For example, the AXA Framlington UK Mid Cap fund, run by Citywire AA-rated Chris St John, will move to single pricing on 8 September.

The AXA Framlington UK Select Opportunities fund, managed by A-rated Nigel Thomas (pictured), will transition to new pricing on 15 September, while A-rated George Luckraft’s Equity Income fund moves over on 22 September.

Rob Bailey, head of UK wholesale distribution, described the move to single swing pricing as ‘an important step’, demonstrating the firm’s commitment to its clients.

AXA IM joins the ranks of fund groups that have moved over to single pricing. They include BlackRock, Standard Life Investments and Franklin Templeton.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter