Skandia Investment Group Launches New Global Equity Fund

Skandia Investment Group (SIG) is taking advantage of the growing consumer interest in global funds by launching a new MultiManager global equity fund. The Skandia Global Dynamic Equity Fund offers a cost effective, one stop solution for those investors seeking

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Skandia Investment Group (SIG) is taking advantage of the growing consumer interest in global funds by launching a new MultiManager global equity fund.

The Skandia Global Dynamic Equity Fund offers a cost-effective, one-stop solution for those investors seeking diversified global equity exposure.

The new MultiManager fund will provide access to a diversified portfolio of highly rated investment managers, each running a specialist regional or country-specific mandate to provide exposure to a wide range of global equity opportunities. SIG believes this approach provides the right level of diversification and enables it to pick the very best specialists in each area. The managers have been carefully selected and blended by SIG’s 45 strong investment team.

While manager selection is expected to provide the main source of alpha, this MultiManager fund will offer the potential to generate additional value via a flexible asset allocation approach.

The fund will be benchmarked against the MSCI AC World GDP Index, an index that places greater emphasis on economies that are enjoying the highest growth rates. SIG believes that over the long term, strong economic growth tends to result in strong profit growth for a country’s corporate sector, which in turn, provides the lifeblood of its stock market returns.

The fund is being launched by SIG’s UK based fund management company Skandia Investment Management Limited (SIML) initially for UK advisers and investors. It will be the first fund launched by Skandia which enables value to be added from asset allocation strategies alongside its extensive manager selection capability.

“Investors are increasingly looking for global – rather than regional – equity solutions,” says James Millard, Skandia Investment Group chief investment officer. “This trend is borne out by data from the IMA, which shows the Global Growth sector enjoying the third-largest net retail sales in 2008 (up from 8th position three years ago). Our unique position and size in the market gives us unrivalled access to world-class managers, including those not otherwise available to individual investors. Therefore we believe that the ‘Skandia Global Dynamic Equity Fund’ could be just what clients are looking for.”

D.C.

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