Skandia to launch US fund range in the UK
Skandia brings US to UK
Skandia Investment Group (SIG) has announced plans to launch five new US funds in the UK, subject to approval from the Financial Services Authority (FSA).
SIG announced its intention to launch three US funds earlier this year and now plans to add two more specialist funds to provide investors with a comprehensive US funds range at a time when there are likely to be significant investment opportunities in that market.
The funds are operated by Skandia Global Funds, SIG’s Dublin-based company, and already have assets totalling US$800 million.
The new funds are Skandia US All Cap Value, Skandia US Capital Growth, Skandia Large Cap Value, Skandia US Value and the Skandia US Large Cap Growth.
James Millard, chief investment officer for Skandia Investment Group, says, ‘Although the US accounts for such a significant part of the global economy there are still very few high-calibre managers available for investors in the UK. The managers of these five funds are from the cream of US fund management industry, making these funds a great addition for investors looking to access the US market.’
If approved, the funds will be available initially for direct investment and via Royal Skandia’s offshore bond. All five funds are due to launch into the UK on 22 October 2008.
Advertisement
Latest news
F&C multi-manager duo to depart following Thames River deal 2 September 2010
F&C Asset Management has revealed that head of UK retail multi-manager Dean Cheeseman and fund manager Oliver Sonnbichler will leave the firm, following the completed acquisition of Thames River Capital.
- BlackRock to rename and alter High Income Bond Fund 2 September 2010
- BlackRock to close Japan fund 2 September 2010
- Gartmore's head of small caps resigns 1 September 2010
Recommendations
Top Ten Life Funds
| Fund | Offer | 1y | 3y | 5y |
|---|---|---|---|---|
| UBS Life Structured Credit A | 94.15 | 174.5 | n/a | n/a |
| Skandia Finland FIM Russia | 11.29 | 60.6 | -2.7 | 48.5 |
| Skandia Finland Alfred Berg Ryssland | 0.86 | 49.5 | -18.0 | n/a |
| Skandia Finland BlackRock Gold & General | 2.57 | 45.6 | 41.3 | 150.3 |
| Zurich American Property AL G4 | 43.30 | 44.7 | 20.9 | 39.3 |
| Skandia Norway Alfred Berg Ryssland | 0.87 | 41.2 | -16.8 | n/a |
| Aviva Investec Global Gold S4 | 0.00 | 41.0 | n/a | n/a |
| Skandia Finland JPM New European | 2.07 | 40.7 | -13.2 | 44.6 |
| Skandia Finland First State Greater China Growth | 1.35 | 40.0 | n/a | n/a |
| Skandia Finland Neptune Russia & Greater Russia | 1.49 | 39.8 | n/a | n/a |
Investment funds in depth
Structured range in development at Barclays 2 September 2010
Barclays Wealth is planning to launch a new range of structured products in the coming weeks, What Investment has learnt.
- Charges revealed for Neptune Africa launch 31 August 2010
- Edinburgh Partners dismisses double dip doomsters 19 August 2010
- Coventry witnesses savings rush 18 August 2010
Guides
Asset monitor: UK equities 29 June 2010
With investors reassessing their portfolios in light of fluctuating economic conditions, Joe McGrath asks the experts how they are riding the choppy markets. [Premium content]
- We voted for change, and change is what we’ve got 25 May 2010
- Investment Trusts: Corporate governance 15 April 2010
- Regular vs lump sum investing 1 April 2010
Special Offers
- Annual report service
Free access to annual reports and other information
on selected companies



