Framlington Growth funds set to merge and rebrand in Axa deal

Chris Murphy, UK fund manager at Framlington, is to transfer to the Axa Investment Managers side of the business, as manager of Axa UK Growth fund. Currently Murphy manages the &42m Framlington Blue Chip and &60m Framlington UK Growth funds, which are both expected to merge into Axa's &313m UK Growth fund and be marketed under the Axa Investment Managers brand. Robert Kyprianou, chief investment officer at the group, said while this is one of the options being considered following the merger, a final decision is likely to be made in coming weeks. Kyprianou said when looking at the fund r...