AXA Framlington Financial

Fund information
Fund name
AXA Framlington Financial R Acc
Fund manager company
AXA IM UK
Fund type
Unit Trust
Fund managers
  • Susan Sternglass Noblesince 31/01/2011
Fund objective
Capital growth through investment principally in financial services companies worldwide. Investment will be predominantly in banks, insurance companies, property companies, investment related companies, and other financial service providers which, in the Manager's opinion, show above average profitability, management quality and growth.
Benchmark
  • MSCI AC World Financials Net TR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
15.2%
1 Year rank in sector
22/133
Sector
UT Specialist
Yield
0.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.62%
Fund size
£44m (£44m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
97
Top in this sector
Fund name1 Year
First State Ind Subcont59.3%
AXA Framlington Biotech58.1%
Jupiter India57.8%
Neptune India49%
F&C Overseas Eq Linked UK Gilt40.9%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • North America50.2%
    UK17.5%
    Pacific ex-Japan15.6%
    Europe ex UK9.2%
    Global Emerging Markets3.9%
  • Banks46.1%
    Financials22.5%
    Real Estate13.7%
    Insurance12.8%
    Software3.8%
  • North American Equities50.2%
    UK Equities17.5%
    Asia Pacific ex Japan Equities15.6%
    Europe ex UK Equities9.2%
    Global Emerging Market Equities3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.3%4.7%13.3%15.2%51.8%34.1%
Sector1.1%4.5%2.7%5%10.7%18.9%
Rank within sector12 / 13660 / 13515 / 13422 / 13314 / 11633 / 94
Quartile1st2nd1st1st1st2nd
Calendar performance
 YTD - 20152014201320122011
Fund5.1%9.5%24.6%21.6%-20.4%
Sector4.3%1.2%4.5%7.5%-7.9%
Rank within sector50 / 13520 / 13216 / 12210 / 10975 / 101
Quartile2nd1st1st1st3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
13.35
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.06
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
10.67
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.72
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.94
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.61
Price movement
52 week high523
52 week low425
Current bid price-
Current offer price-
Current mid price512.9
Region
1North America50.23%
2UK17.51%
3Pacific ex-Japan15.63%
4Europe ex UK9.16%
5Global Emerging Markets3.86%
6Japan2.5%
7Money Market1.11%
Industry sector
1Banks46.06%
2Financials22.52%
3Real Estate13.72%
4Insurance12.8%
5Software3.79%
6Money Market1.11%
Asset type
1North American Equities50.23%
2UK Equities17.51%
3Asia Pacific ex Japan Equities15.63%
4Europe ex UK Equities9.16%
5Global Emerging Market Equities3.86%
6Japanese Equities2.5%
7Money Market1.11%
Individual holdings
1JPMORGAN CHASE & CO6.4%
2WELLS FARGO & CO5.6%
3AIA GROUP LTD4.5%
4AMERICAN EXPRESS CO4.2%
5TORONTO-DOMINION BANK4%
6CITIGROUP INC3.9%
7DISCOVER FINANCIAL SERVICES3.8%
8VISA INC3.8%
9BLACKSTONE GROUP LP3.5%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA IM UK
Fund type
Unit Trust
Fund objective
Capital growth through investment principally in financial services companies worldwide. Investment will be predominantly in banks, insurance companies, property companies, investment related companies, and other financial service providers which, in the Manager's opinion, show above average profitability, management quality and growth.
Benchmark
  • MSCI AC World Financials Net TR
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Susan Sternglass Noble31/01/2011"Susan joined AXA Investment Managers (AXA IM) in January 2010 as Portfolio Manager specialising in global financial sec-tor equities. She manages the AXA Framlington Financial Fund and the financial sleeves of the AWF Global and the AWF Global ex US portfolios, as well as coordinating research on global financial equities. Susan joined from CQS where she was Portfolio Manager and Senior Research Analyst specialising in global financial equities and managed the long/short portfolio of European financial equities within the CQS Convertible Bond Arbitrage Fund. Susan has over 23 years industry experience and has held senior analyst roles in New York and London, including eight years at Goldman Sachs and three years at JP Morgan where she was Co-Head of the European Banks equity research teams. After completing a B.A. (with Distinction) in Asian Studies from Cornell University, she obtained a M.S.F.S. (with Honors) in International Finance from Georgetown University School of Foreign Service. Susan is a Fellow of the Royal Society of Arts, Commerce and Manufacture."
Compliance
IMA Recognised
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom
AXA Framlington Financial R Acc
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price512.9
CurrencyGBX
Price updated26/03/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFR28
AXA Framlington Financial R Inc
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price405.3
CurrencyGBX
Price updated26/03/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFR29
AXA Framlington Financial Z Acc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price158.6
CurrencyGBX
Price updated26/03/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code11VF
Data provided by

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