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
All-day event on 24 April
Consequences could be more severe than in stress tests
AFH has six segregated mandate funds
Variable operating expenses