The Axa Framlington Equity Income and JPM Japan funds have been relegated from AIG Life Wealth Management's 100-strong Active Access Platform.
Both funds have been squeezed out after a period of underperformance but will warrant consideration again at review time, AIG says.
Replacing the two funds are Leigh Harrison’s Threadneedle UK Equity Income and Stephen Harker’s SGAM Core Alpha Japan.
“We have added Harrison’s Threadneedle Equity Income fund as it boasts impressive risk adjusted returns over the past three years and is well positioned for the current market,” says Jake Moeller, head of investment research at AIG Life Wealth Management.
“Meanwhile, SGAM’s Harker has navigated the volatile equity market in Japan exceedingly well, is an experienced manager and is backed by a strong investment process."
The BlackRock UK Absolute Alpha fund, a long/short UK equity fund run by Mark Lyttleton, Tom Walker’s Martin Currie North America and James Foster’s Artemis Strategic Bond are other new additions to the Active Access range.
All new funds are available to investors via AIG Life Wealth Management’s Pension Bond and Capital Portfolio Bond.
Active Access funds are selected by AIG Life's in-house team using qualitative and quantitative selection criteria.IFAonline
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets