Axa Investment Managers is considering Oeicing its £197.4m UK General unit trust, following the intr...
Axa Investment Managers is considering Oeicing its £197.4m UK General unit trust, following the introduction of Oeics 2 legislation earlier this month.
The company has delayed a decision on conversion so far due to the extra administration required to convert a fund containing life product assets, preferring to push ahead with the Oeicing of its other funds first.
Stuart Fowler, head of UK equities, said: 'Axa has five funds in the UK All Companies sector, four of which are Oeics. Axa General, however, does not have a clear marketing proposition and it may be that we have too many funds in this sector.'
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