Multi-assetFeb 26 2013

Top names make Skandia Select fund list

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Skandia has said it will launch 23 sub-advised funds from 10 external groups it has signed as partners for its new Select range including funds run by several top performing managers.

The platform, which is part of Old Mutual Wealth, said the range was designed to give financial advisers and their clients access to a “high quality range of funds” at a “highly competitive cost via Skandia products.

The launch of the funds will be enhanced by a new managed portfolio service utilising funds from the newly created range.

Skandia said the new funds replicate the investment strategies of leading retail funds which is said most advisers would “already be using heavily” in client portfolios.

Big names included in the line up are Invesco Perpetual’s Neil Woodford and the company’s bond duo Paul Causer and Paul Read, Threadneedle’s European equities manager David Dudding and Fidelity’s bond star Ian Spreadbury.

In total, the underlying external funds have a combined figure of £51bn under management.

The group added 21 of the 23 strategies being replicated had been awarded an OBSR rating, 13 of them Gold.

Subject to regulatory approval, the new funds will launch in tranches in the coming months with the full proposition being available towards the end of the year.

The funds that have now received regulatory approval have been confirmed as:

Old Mutual Henderson European Growth fund – managed by duo Richard Pease and Simon Rowe

Old Mutual Schroder Tokyo Fund – managed by Andrew Rose

Old Mutual Schroder US Mid Cap Fund – managed by Jenny Jones

Old Mutual Threadneedle American Select Fund – managed by Cormac Weldon

The full external fund line up is confirmed as:

Fund groupFund nameFund manager
AberdeenAberdeen Asia PacificAsian equities team
ArtemisArtemis UK Special SituationsDerek Stuart and Ruth Keattch
Artemis IncomeAdrian Frost and Adrian Gosden
Artemis Strategic Bond

James Foster and Alex Ralph

BlackRockBlackRock UK Special SituationsRichard Plackett
BlackRock Gold & GeneralEvy Hambro
BNY MellonNewton Higher IncomeRichard Wilmot
Newton Global Higher IncomeJames Harries
FidelityFidelity Global FocusAmit Lodha
Fidelity Strategic BondIan Spreadbury
HendersonHenderson China OpportunitiesCharlie Awdry
Henderson European GrowthRichard Pease and Simon Rowe
Invesco PerpetualInvesco Perpetual High IncomeNeil Woodford
Invesco Perpetual AsianStuart Parks
Invesco Perpetual Corporate BondPaul Causer and Paul Read
JP MorganJPM Emerging MarketsAustin Forey and Leon Eidelman
JPM Natural ResourcesNeil Gregson and Team
SchrodersSchroder TokyoAndrew Rose
Schroder UK Alpha PlusRichard Buxton
Schroder US Mid CapJenny Jones
ThreadneedleThreadneedle American SelectCormac Weldon
Threadneedle High Yield BondBarrie Whitman and David Backhouse
Threadneedle European SelectDavid Dudding