AXA Framlington Managed Balanced Accumulation Units
Also available as income units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.25% |
| Annual saving | 0.125% ² |
| Total Expense Ratio | 1.30% |
| Launch date | 31-12-1992 |
| Launch price | £0.50 |
| Sector | Balanced Managed |
| Fund size | £247 million |
| Number of holdings | 185 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
The credit crisis has underlined the extent of the problems faced by many financial institutions. Despite any rescue packages for these firms, Richard Peirson is not convinced it is a good entry point to buy into them. He prefers insurance companies as well as selective energy and industrial firms. As growth slows and commodity prices fall, there will be room for interest rate cuts and this should provide some support for equity markets.
Full research
About the Fund Manager
Richard Peirson
Located in: London
After graduating from the University of Liverpool in 1970 with a degree in Computational and Statistical Science, Richard worked briefly as a computer consultant at Arthur Andersen before moving to the City in 1972. From 1975 he worked at Carr Sebag with private clients, moving with the business to Grieveson Grant and then Kleinwort Benson in 1986. From 1991 he was head of UK Active Management and Equity Research, being responsible for both institutional and retail portfolios. He was a member of the KBIM policy committee and an investment trust director.
Richard joined AXA Framlington in March 1994 where he is responsible for the management of a number of pension funds, charities and unit trusts.
Income details
| Running yield | 1.18% (net) |
|---|---|
| Gross running yield | 1.32% |
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 14-04-2007.
Distribution dates
| Ex-dividend date | 28 February 2008 |
|---|---|
| Payment date ³ | 30 June 2008 |
Top 10 holdings
| AXA Framlington Emerging Markets | 3.64% |
|---|---|
| United Kingdom Of Great Britain And Northern Ireland 4.0% 07-sep-2016 | 3.55% |
| United Kingdom Of Great Britain And Northern Ireland 5.0% 07-mar-2025 | 3.33% |
| HSBC Holdings PLC (UK Reg) | 3.10% |
| BP | 2.67% |
| Federal Republic Of Germany 4.0% 04-jan-2037 | 2.51% |
| GlaxoSmithKline | 2.43% |
| Vodafone Group | 1.71% |
| United Kingdom Of Great Britain And Northern Ireland 4.75% 07-sep-2015 | 1.65% |
| Rio Tinto | 1.46% |
Top 10 sectors
| Non-Classified | 12.32% |
|---|---|
| Oil & Gas Producers | 8.33% |
| Cash and Equiv. | 7.95% |
| Banks | 7.84% |
| Pharmaceuticals & Biotechnology | 7.15% |
| Mining | 3.20% |
| Fixed Line Telecommunications | 2.83% |
| Software & Computer Services | 2.71% |
| Life Insurance | 2.66% |
| Nonlife Insurance | 2.54% |
Top 10 countries
| United Kingdom | 44.40% |
|---|---|
| Non-Classified | 13.23% |
| United States | 9.78% |
| Cash and Equiv. | 7.95% |
| Japan | 5.32% |
| Germany | 3.58% |
| France | 3.04% |
| Singapore | 2.16% |
| Switzerland | 1.98% |
| Hong Kong | 1.64% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 03-12-2008. Data accurate as at 30/09/2008.
