Nigel Thomas will step down as manager at the end of this year. He's retiring after a long and successful fund management career. His fund has grown 313.8%* since it was added to the Wealth 150 when we launched it in in November 2003. That compares with 235.5%* for the broader UK stock market, although this shouldn’t be seen as a guide to the future.
Chris St John, the fund’s co-manager, will take over as lead manager. He also manages the AXA WF Framlington UK Fund, which has been on the Wealth 150+ since launch in March 2016. He’s an exceptional fund manager and we think he'll do a good job running both funds. But we don't see a need to have both on the Wealth 150.
We think the AXA WF Framlington UK Fund is set up in a way that maximises the manager’s performance potential. Its small size makes it more nimble and lets him invest more in higher-risk small and medium-sized companies – an area we think he’s excelled in over the long run.
This shouldn’t be seen as a recommendation to sell the fund. We still think it could perform well over the long term. But the AXA WF Framlington UK Fund gives investors greater exposure to the areas we feel Chris St John is most skilled. For this reason we think it's appropriate to remove AXA Framlington UK Select Opportunities from the Wealth 150 list of our favourite funds for new investment.
This article and our Wealth 150 are not personal advice. If you are unsure of the suitability of an investment for your circumstances, please seek advice.
|Annual percentage growth|
|July 2013 -
|July 2014 -
|July 2015 -
|July 2016 -
|July 2017 -
|AXA Framlington UK Select Opportunities||6.6%||8.3%||-2.1%||11.3%||7.5%|
Past performance is not a guide to the future. Source: Lipper IM to 31/07/2018.