AXA Framlington Equity Income: Qual. Rating Issued

AXA Framlington Equity Income can require patience, but we believe it's worth the wait.

Chetan Modi | 02-07-09 | E-mail Article

We have published a new Morningstar Qualitative Rating and Research Report for AXA Framlington Equity Income.

"The 45% loss in 2008 will have been a painful experience for its investors. It stemmed directly from the fund's barbell approach, which sees a high portion of assets invested in small- and micro-cap stocks for capital growth alongside large-cap, dividend paying issues. With liquidity drying up and investors shunning risk, small-caps fell sharply in 2008, and this fund was caught in the downdraft..."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

Chetan Modi is a Fund Analyst at Morningstar. He would like to hear from you but cannot give financial advice. You can contact the author via this feedback form.
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