Axa proposes fund merger

Axa Investment Managers is proposing to merge the £39m Axa UK Opportunities fund into the £114m Axa Framlington UK Growth fund.

If approved by the unitholders of the Axa UK Opportunities fund, the merger will take place on October 9. Axa has scheduled an extraordinary ordinary meeting (EGM) for October 8.

More to follow.

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