AXA Investment Managers’ veteran equity income manager George Luckraft is to retire in May after 22 years.
In a statement, AXA IM told investors Luckraft had "recently informed us of his intention to retire effective May 2024".
He manages the AXA Framlington Monthly Income Fund, the AXA Framlington Managed Income Fund, the AXA Framlington UK Equity Income Fund and the AXA Lifetime Distribution Fund.
He will continue to manage the funds until his departure. AXA IM further said it will announce longer term succession plans in due course.
Luckraft joined AXA IM in 2002 from ABN AMRO, where he was head of UK equities, alongside fellow equity income manager Nigel Thomas, who exited in 2018.
A spokesperson from the firm said: "George joined Framlington in 2002 and over the last 22 years has astutely navigated the UK equity income market. We wish George all the best with his retirement and thank him for all his contributions at AXA Investment Managers."
