AXA Investment Managers is closing two of its bond funds launched more than a decade ago due to a lack of investor interest and insubstantial assets in the products.
The group will close its £35.4m Sterling Long Corporate Bond and £41.7m Sterling Long Gilt funds on 20 November. Both launched in 2004. A spokesperson for AXA IM said: "We continually review our fund...
Interest rate outlook unchaged
FCA made demands last week
'Unsung' part of FSCS work