Architas hands mandates to Majedie and TT International

Architas is increasing exposure to UK stocks across its multi-manager range, awarding mandates to Majedie Asset Management and TT International.

The multi-manager arm of AXA has weighted 17% to TT International and 20% to Majedie in its UK Equity portfolio, making it the fund in Architas' range with highest allocations to the investment managers. This is followed by Diversified Share, which has 6.8% weighted to TT International and 8% to Majedie. Architas fund manager Sheldon MacDonald says: "We believe our decision to allocate to Majedie and TT International will increase our potential to deliver attractive risk-adjusted returns in various market conditions." The firm's CIO Caspar Rock says although UK economic growth is e...