Morningstar gives AXA and ING funds ticks
Morningstar has released its latest research on international share funds provided by ING and AXA.
Friday, September 14th 2007, 6:59AM
"It's hard to find anything not to like about ING's multi-manager international share strategy," Morningstar says.
"ING has designed the strategy in line with the firm's investment philosophy, and the portfolio will consequently tend to have a growth tilt. Boston-based MFS anchors the portfolio, with just over half the allocation and a conservative growth philosophy. Franklin Global Advisors serves as the strategy's more aggressive growth vehicle, while quantitative manager LSV is a deep value player.
"ING gives the underlying managers free rein to invest down the market-cap as they see fit."
Morningstar also has good things to say about the AXA/Alliance Growth fund.
We're admirers of Alliance Global Research Growth's investment approach, despite its uneven performance in 2005 and 2007, and think the depth and quality of analysis and disciplined process here will ultimately keep coming up trumps for investors.
Morningstar likes the depth of analysts involved in managing the fund. There are 70 equity analysts involved and a four person portfolio oversight group.
"We're confident that the calibre of the analysts and of their research will enable Alliance to overcome any short-term speed wobbles. This ranks among our favoured growth strategies, and used judiciously, is a sound choice for the global growth component of an investor's portfolio."
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