Axa Framlington offering cautious multi-asset fund

Axa Framlington has added a cautious multi-asset fund to its multi-manager range, which will invest ...

Axa Framlington has added a cautious multi-asset fund to its multi-manager range, which will invest a third in cash. The Multimanager Reserve fund, the sixth in the range, will invest the remaining two-thirds of assets equally in fixed interest and property funds and targets a total return above cash over five years. It launched with just under £17m in assets and the estimated gross yield for the vehicle is 4.5%. Minimum initial investment stands at £1,000 and commission stands at 3% upfront and trail of 0.5%. The initial charge stands at 4%, and the AMC at 1%, with an estimated TER of ...