On 9 September 2024, AXA Investment Managers (AXA IM) announced that Stephen Kelly, senior fund manager, will be leaving the firm in November 2024. He is lead manager of the AXA Framlington American Growth fund, working closely with deputy manager, David Shaw. This fund features on our Recommended list.
Mr Shaw will continue to focus on US equities. He has over 20 years’ experience in US equities and has worked alongside Mr Kelly since 2016, when he joined AXA IM. He is supported by a team of experienced global sector specialists, some of whom run specialist sector funds.
As a reminder, this is a North American equity fund that has an overt growth style. The focus is on companies that have the ability to grow their top-line regardless of economic conditions.
The fund remains on our Recommended list and, according to our usual process, we will be holding meetings in the coming weeks to discuss developments in greater depth.
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