Skandia Investment Group (SIG) has dumped the UBS mandate in its UK Equity Blend vehicle, replacing it with the Aegon UK Opportunities fund.
The Aegon offering, managed by Audrey Ryan, is one of six retail mandates in the £110m Skandia UK Equity Blend fund – accounting for 19% of the vehicle.
SIG says UBS will continue to manage mandates across Skandia’s other multi-manager funds and provide fund links on its platform.
The new UK Equity Blend line-up is:
- 19% - Aegon UK Opportunities
- 19% - Gartmore mandate
- 19% - Lazard mandate
- 15% - Artemis UK Growth
- 15% - Origin mandate
- 13% - Schroder UK Alpha Plus
“Audrey Ryan is a hugely talented fund manager who we have been utilising with our Ethical fund for a number of years, so her style of management is well known to us,” Skandia fund manager Ryan Hughes says.
“She has demonstrated that she can deliver away from the ethical environment and we are delighted to include the UK Opportunities fund in our UK Equity Blend fund.”IFAonline
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