AXA Investment Managers has rolled out the AXA WF Framlington Natural Resources fund, Investment Week reports. The global equity offering will be managed by Sebastien Lagarde and Olivier Eugene, who also manages the $130 million AWF Framlington Hybrid Resources fund and the $270 million Framlington Junior Energy fund.
The offshore fund contributes to companies operating across the value chain in energy, industrial metals, precious metals and soft commodities markets. The actively managed portfolio, which will hold between 70 and 90 stocks, is targeting to deliver long-term capital growth.
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