Skandia Investment Group (SIG)'s new Core Fund Range of research-rated funds could launch in the UK next year, following a roll-out in Europe and Latin America.
The new range is designed to enable advisers, intermediaries and distributors to outsource some aspects of investment research.
It offers access to around 275 fully researched and endorsed funds from over 100 fund groups which have passed SIG’s ‘4-P’ standard.
This standard is applied through qualitative and quantitative analysis to identify ‘best of breed’ managers who have the edge in their asset classes. It focuses on philosophy, process, people and performance, SIG says.
Approximately 50 analysts and portfolio managers will monitor the 275 funds on a daily basis.
The range will initially be launched in Continental Europe, Scandinavia and Latin America
It will not be launched yet in the UK where Skandia is focusing on expanding its full open architecture proposition.
However, the range may be brought to the UK during 2009 to complement and run alongside the current open architecture offering.
SIG believes a concentrated fund range will result in greater fund flows and assets under management. It also offers fund groups a single point of contact across the worldwide Skandia Group as they seek to place their funds in the Core Fund Range.
Jamie MacLeod, CEO at SIG says: “Given the scope and quality of our research and the demand for thoroughly researched funds, we see the service being welcomed by fund groups, distributors and clients around the world.
“The ability of SIG to provide access to funds across a wide range of territories is an exciting prospect for fund groups and it is encouraging the degree to which we have received support from our fund group partners who are seeking to register funds in new countries.”IFAonline
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected