Skandia is looking to add a further ten passive funds to its Selestaia Investment Solutions platform and its Life and Pensions fund range in response to adviser demand.
With returns down for some actively managed funds, the company says a proportion of investors are looking for an alternative.
According to Skandia, adviser demand has shown that access to passive funds is an increasingly important investment option for some clients.
They say the funds give advisers the flexibility to build low cost portfolios that aim for sector average performance for those clients demanding this sort of investment portfolio.
Skandia has already added eight passively managed funds this year from Pictet, taking the total number of passive funds available to 21 and they expect to launch the new fund over the next few months.
The addition of these passive funds complements Skandia's existing investment proposition and offers advisers additional choice.
"In the current market, advisers who believe they are better served delivering beta, ie market returns, with as low a charge as possible, understand that passive funds provide a straightforward solution," says Graham Bentley, head of investment marketing at Skandia.
"We are responding to this by pursuing a strategy of adding a raft of low-TER passive funds, such that asset allocators can easily populate the asset class categories. We are of course continuing to add complimentary, actively managed solutions of quality that seek to deliver alpha."
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