Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications.

AXA IM rolls 50-year-old fund into AA-rated PM’s strategy

AXA Investment Managers has merged its selected equities fund into a wider income fund.

The AXA Optimal Income fund, which is managed by Citywire AA-rated Serge Pizem, is set to absorb the Actions Selectionnées fund run by Caroline Tixier.

The Actions Selectionnées fund was first launched in 1968 and has been run by Tixier since 2003. To read more click here.

Credit Suisse restricts inflows on fast-growing robotics fund

Credit Suisse Asset Management is restricting the inflows into its global robotics fund by placing a $1 million limit on subscriptions.

The $2.2 billion Credit Suisse (Lux) Global Robotics Equity fund has already surpassed the $1.5 billion in assets that was estimated as the fund’s capacity by fund manager Angus Muirhead six months ago.

Muirhead runs the fund alongside Citywire A-rated manager Patrick Kolb.

Following high capital inflows into the fund, the group is placing a restriction on subscriptions as of April 9.

This limit should allow the fund to continue to invest in smaller, more innovative companies in the robotics space, according to a note to shareholders released by the Swiss giant. To read the full story click here.

BMO GAM names new sustainable investment co-heads

BMO Global Asset Management has named Alice Evans and Claudia Wearmouth as its new co-heads of governance and sustainable investment (GSI).

The duo will be jointly responsible for integrating ESG criteria into the asset manager’s investment operations and will also oversee the growth of BMO GAM’s Responsible Funds range. To read the full story click here.