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The lead manager of the Axa fund, Steve Kelly, has two decades of experience in the US equity markets and has run the American growth fund since August 2009.
“The US equities team as a whole work in a collaborative environment whereby stock ideas are openly shared between the fund managers,” said McDermott.
“The Vanguard ETF simply seeks to track the performance of the benchmark index that measures the investment return of large-cap stocks, with minimal tracking error – which it consistently manages to achieve,” he added.