Dublin-based funds will be outsourced to groups such as invesco, jp morgan and ABN amro
Skandia has launched a Dublin-based platform containing 20 funds with management outsourced to groups such as Invesco Perpetual, JP Morgan Fleming and ABN Amro.
The investment objectives of each portfolio are set out by Skandia itself which then selects and monitors a manager for each fund.
The fund managers have been selected by Skandia's global investment research committee with members from Skandia companies in the US, UK, Sweden, Germany, Switzerland, Spain, Japan and Australia. The group aims to add a further 10 funds to the range by the end of the year.
The funds will be available in over 20 countries, sold through the existing network of Skandia companies as well as independent fund distributors such as banks and financial advisors.
The Skandia Global Funds umbrella has split the underlying portfolios into four categories. In the specialised equity category there are eight funds. They are: Carlson Asian Small-Cap Growth, Carlson Swedish Equity, Carnegie Swedish Equity, China Securities Mainland Equity, Fidelity Pacific Equity, Gamco US All-Cap Value, JPMorgan Fleming Japanese and Marsico US Capital Growth.
In the diversified equity grouping are: Alliance Capital Global Equity, American Century International Growth ex UK, BlackRock European Equity ex UK, Invesco European Equity, Invesco US Equity Income and MFS US Large Cap Growth.
The four fixed income funds are ABN Amro Euro Bond, Carlson Swedish Bond Global Bond, and Pimco US Total Return Bond. In the reserve category are the Carlson SEK Reserve and Wells Capital US Dollar Reserve funds. Christian Thwaites, chief executive officer for Skandia Global Funds, said: 'Our value, and also how we will differentiate ourselves, will be through the selection and ongoing management of our investment managers to fit our defined fund objectives.
'When looking to add funds to the range, we will research what our market wants, as well as what best complements our existing offering. Then we will outsource the selection of securities to an investment manager who is a proven expert at running that type of money.'
The aviation sector's constant evaluation of errors in order to improve safety should be applied to defined benefit (DB) schemes, as too many are repeating the same mistakes again and again, research has shown.
IA sectors – help or hindrance?
Despite multiple complaints
Annuity market worth £4bn in 2017
For ‘distress’ caused