Axa IM launches lower cost share class for Lifetime Distribution fund

The fund is a cautiously managed portfolio that seeks to give investors a monthly income while also providing capital growth. It invests in UK-listed companies and UK government index-linked gilts. Axa IM head of UK wholesale distribution Rob Bailey said: "We have launched this share class to meet the demand of clients looking for an inflation-beating solution with equity exposure coupled with the protection afforded by an index-linked bond portfolio. "The style in which the bond portfolio is managed has enabled us to lower the cost of this strategy for clients and allows us to remain...