Skandia Investment Group (SIG) is adding to its range of Best Ideas funds with the launch of a European vehicle.
The range has taken over £750m in 18 months in the UK and now Skandia wants to respond to demand for the funds from Continental Europe. As a result, European Best Ideas is likely to be a long-only Dublin-based fund with sterling, euro and US dollar share classes. Initially it will be launched in eight countries in Continental Europe though SIG is currently evaluating demand for the fund in the UK. The fund will invest in pan-European equities (with exposure to the UK). Like previous Best Ideas funds, it will blend the talents of ten fund managers who will pick their ten best stock ide...
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