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 group | Fund name | Fund manager |
Aberdeen | Aberdeen Asia Pacific | Asian equities team |
Artemis | Artemis UK Special Situations | Derek Stuart and Ruth Keattch |
Artemis Income | Adrian Frost and Adrian Gosden | |
Artemis Strategic Bond | James Foster and Alex Ralph | |
BlackRock | BlackRock UK Special Situations | Richard Plackett |
BlackRock Gold & General | Evy Hambro | |
BNY Mellon | Newton Higher Income | Richard Wilmot |
Newton Global Higher Income | James Harries | |
Fidelity | Fidelity Global Focus | Amit Lodha |
Fidelity Strategic Bond | Ian Spreadbury | |
Henderson | Henderson China Opportunities | Charlie Awdry |
Henderson European Growth | Richard Pease and Simon Rowe | |
Invesco Perpetual | Invesco Perpetual High Income | Neil Woodford |
Invesco Perpetual Asian | Stuart Parks | |
Invesco Perpetual Corporate Bond | Paul Causer and Paul Read | |
JP Morgan | JPM Emerging Markets | Austin Forey and Leon Eidelman |
JPM Natural Resources | Neil Gregson and Team | |
Schroders | Schroder Tokyo | Andrew Rose |
Schroder UK Alpha Plus | Richard Buxton | |
Schroder US Mid Cap | Jenny Jones | |
Threadneedle | Threadneedle American Select | Cormac Weldon |
Threadneedle High Yield Bond | Barrie Whitman and David Backhouse | |
Threadneedle European Select | David Dudding |