AXA Framlington UK Select Opportunities fund

Sheridan Admans, investment adviser at The Share Centre, sets out the case for capital growth investment in a truly diversified multi cap UK fund via the AXA Framlington UK Select Opportunities fund.

For investors seeking a truly diversified multi cap UK fund, this is a good choice.  It is also a fund where the manager believes, and has proven he can deliver, above average returns.

The fund itself will generally hold no more than 30% of the overall portfolio in FTSE100 companies, with the remainder being selected from the mid and small cap arena. Stock picking is based on a bottom up approach with the manager looking to identify recovery, growth or value potential which may arise due to, for example, consolidation or a complete management change.

The fund is managed by Nigel Thomas who has been at the helm since September 2002.  Thomas is a firm believer in meeting all prospective companies, as this assists him in determining whether or not the management has the ability to see through and deliver business plans.

"We believe that this fund would make an ideal alternative to a portfolio that requires diversified UK exposure due to the very nature of having significant holdings in companies outside of the FTSE100.

"The AXA Framlington UK Select Opportunities fund has an annual charge of 1.50% and an initial charge of 5.25%.  The minimum initial investment is £1000, with top ups of £100.

"As the fund features in The Share Centre's Platinum 120 range, customers wishing to invest in the AXA Framlington UK Select Opportunities fund will not have to pay the initial charge or purchase dealing commission.  Customers can also invest in the fund from as little as £10".