Architas hands mandates to Majedie and TT International

The multi-manager arm of AXA has allocated 17% to TT International and 20% to Majedie in its UK Equity portfolio. Its Diversified Share fund has 6.8% weighted to TT International and 8% to Majedie. Architas fund manager Sheldon MacDonald says: "We believe our decision to allocate to Majedie and TT International will increase our potential to deliver attractive risk-adjusted returns in various market conditions." The firm's CIO Caspar Rock says although UK economic growth is expected to be relatively sluggish this year, companies are still in good shape. "The Q4 earnings season h...