SJP AXA FRAMLINGTON MANAGED ACC PF - Fund overview

Portfolio

• Asset Allocation
• Equity Geographic
• Equity Capitalisation

Allocation		Proportion
	Equity	94%
	High yield bonds	–
	Quality bonds	–
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	6%

Allocation		Proportion
	UK	59%
	Europe	15%
	Nth America	17%
	Japan	3%
	Pacific	5%
	Other Equity	1%

Allocation		Proportion
	Large Caps	80%
	Mid Caps	15%
	Small Caps	5%

View all performance data for SJP AXA FRAMLINGTON MANAGED ACC PF

Investment process

The fund's objective is to achieve long term capital growth from a global portfolio of equities. The manager takes a contrarian approach, looking for stocks he sees as having unrecognised value. These may include companies undergoing restructuring or in industries going through structural change, companies with unappreciated growth potential or whose market value is substantially below their asset value. Ideas can be sourced from "traditional" bottom-up stockpicking or by identifying global themes, then looking for industries and stocks that will benefit from them.
The fund will invest in larger, medium and smaller sized companies but tends to have a bias to companies capitalised at $1-10billion which the manager believes are under-researched. In additional to his long exposure the manager also uses his UCITS 3 powers to short stocks he believes will fall in value. Due to their higher risk shorts are selected with a 6 month time horizon, whereas the manager takes a 12-18 month view on long exposure.