Axa Fram to merge NetNet and Nasdaq funds

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Axa IM's bond team will take over Chris Armstrong's Framlington Pan European Bond and Richard Peirso...

Axa IM's bond team will take over Chris Armstrong's Framlington Pan European Bond and Richard Peirson's Framlington Gilt in May, as the group rationalises its combined range. The move leaves only one fixed income offering under Framlington's management, the Managed Income fund. Peirson continues to manage Framlington's Financial and Managed Balanced funds, while Armstrong remains at the helm of Managed Growth. Meanwhile, the group's Nasdaq and NetNet funds are to merge under the name Axa Framlington Global Technology fund on 19 May. The new fund will have a global remit, whereas the N...

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