Skandia is planning to launch a new range of six risk-based multi-manager funds on 28 April.
Dubbed ‘Spectrum’, Skandia says the new funds will be the only risk-targeted range in the market to invest in both fund-of-funds and manager-of-managers mandates.
Advisers will be able to access them via all product wrappers on Skandia’s three platforms – Skandia life and pensions, Skandia MultiFunds and Selestia Investment Solutions.
Skandia say the Spectrum funds are designed as ready-made investment solutions, enabling advisers to determine the risk profile of a client on a scale of one to ten and then match appropriate asset allocation.
Built by the newly-created Skandia Investment Group, the Spectrum funds will be listed in the IMA Unclassified sector.
The funds will use existing retail vehicles as well as institutional managers. Typical exposure will cover 11 asset classes with 20 or more managers represented.
Watson Wyatt will provide the independent economic and mathematical data.
“Increasingly portfolio construction is focusing on the understanding of a client’s attitude to loss and how this attitude is matched to their portfolio,” Skandia investment marketing head Graham Bentley says.
“Investors are far more interested in how much money they are actually making or losing rather than whether they are beating the sector benchmark.”
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client