Our Investment Beliefs

AXA Framlington's core investment philosophy, Growth At a Reasonable Price (GARP) is based on the conviction that buying companies that can produce above-average growth in earnings and cash returns on invested capital will outperform over time.

We believe that over the long-run, those companies that have good, open-ended growth opportunities, high quality management, and capital to maximise those opportunities will provide superior returns for investors.

Investment research is at the heart of our stock selection process, to this end we have designed an organisation combining the role of portfolio manager and analyst.  In our view this dual role greatly enhances our research value, increasing investment reactivity in translating research outputs into portfolios, capture valuation inefficiencies and ultimately creating synergies amongst team members for swift and efficient decision-making.

We believe that major indexes will only partially capture the growth opportunities present in global equity markets; our approach is therefore active as we will apply our highest convictions into portfolios, this will ultimately translate into high active share.