Fund of the week: Axa’s ready-made portfolio

This diversified fund is the type of fund most investors should own.

Its moniker may lack glamour, says Mark Dampier of Hargreaves Lansdown in The Independent, yet Axa Framlington Managed Balanced is "the type of fund most investors should own". This is because it includes equities, bonds and cash, making it a "ready-made portfolio".

The strategy behind the fund, launched in 1992, is to seek capital growth by investing 80% in shares and the rest in cash and bonds. It can buy securities in any worldwide economic sector that manager Richard Peirson believes shows above average profitability. So far this approach is paying off.

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Axa Fram. Emerging Markets3.0
Treasury 5% gilt 20252.6
Germany 0.75% BDS 13/09/132.4
HSBC Holdings2.2
Royal Dutch Shell2.1
Treasury 2 1/2% IDX-linked gilt2.0
GlaxoSmithKline1.6
Vodafone1.4
BP1.4
Diageo1.4
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