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SKANDIA AXA FRAMLINGTON EMERGING MARKETS LF - Fund overview

No Bestinvest rating


Overview of SKANDIA AXA FRAMLINGTON EMERGING MARKETS LF

Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. SKANDIA AXA FRAMLINGTON EMERGING MARKETS LF does not fall into either of these categories at present.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  INSURANCE BOND
Launched  December, 1992
Size  £8m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 241.30p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 5.00%
Annual management charge
Total expense ratio
Reduction in yield (10yr) 0.51%

Bestinvest says


This manager moved over to take charge of the fund in December 2010 and built a new team from scratch. The fund differentiates itself from many of its peers by taking an active view on sectors rather than countries, and the manager takes a longer-term view, foregoing momentum trades for growing and sustainable earnings.

Portfolio

skandia axa framlington emerging markets lf asset allocation illustration
Allocation Proportion
Equity 96%
High yield bonds
Quality bonds
Property
Commodities
Hedge
Fund cash 4%
skandia axa framlington emerging markets lf equity geographic illustration
Allocation Proportion
UK 0%
Europe 0%
Nth America 0%
Japan 0%
Pacific 34%
Other Equity 66%
skandia axa framlington emerging markets lf equity capitalisation illustration
Allocation Proportion
Large Caps 46%
Mid Caps 33%
Small Caps 21%

Investment process


The manager favours bottom-up stock selection within a macro-driven framework based on sectors rather than countries. Sustainable return on capital is the key to long-term outperformance – companies can grow earnings by buying capital, but this can lead to diminishing returns.

Position sizing is based on analysis of risk, both specifically from the stock, and how the stock position affects the rest of the portfolio.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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