Axa Fram and SG head peer group

Exposure to industrials and financials propels Axa Framlington Japan fund to top of IMA sector over three years

By Aimee Savage An overweight position in industrials, financials and consumer discretionary has seen Anja Balfour, manager of the Axa Framlington Japan fund, top the IMA's Japan sector over three years to the end of February. Over the cumulative timeframe, the product recorded bid to bid growth of 64.18% while the average fund in the sector grew by 37.73%, according to figures from Morningstar. The fund, which aims to achieve capital growth through investment in Japan but also in other areas of the Far East, posted an annualised alpha of 5.36 compared to the average of -0.21. Balfour ...