Skandia adjusts Global Best Ideas weightings

A part of SIG’s annual asset allocation review, the £420m Skandia Global Best Ideas fund’s allocation has been adjusted to align with the MSCI AC World GDP Index. The Asia/Pacific (ex Japan) weighting jumped 0.5% and Emerging Markets increased 1%, with the US and Japan down 1% and 0.5% respectively. UK exposure remains unchanged at 50%. Revised asset allocation is: 50% UK 16% US 14% Europe (ex UK) 9% Emerging Markets 6.5% Asia (ex Japan) 4.5% Japan Average cash weighting over the last year was 5%, while no one stock has ever been more than 5% of the fund. "The global marke...