No constraints for managers of Skandia global best ideas fund

Skandia Investment Management's Global Best Ideas fund, which launched in June, will not impose any sectoral constraints on managers running the 10 separate mandates. The approach could ultimately lead the portfolio to have a 50% weighting in an individual sector, but the firm's CIO Alan Durrant said that, as the overall fund blends the styles of 10 diverse managers, this would be unlikely. However, he pointed out that while its high level of diversification could make the fund appear a low-risk proposition, the fact it has no constraints could mean the opposite, depending on whether it i...