Skandia adds Prism MM funds to platform

IFDS Prism Cautious Growth, IFDS Prism Capital Growth and IFDS Prism Advanced are available on SIS with immediate effect.

The growth fund aims to produce annual returns over the medium to long-term
on average 2.5% higher than NS&I cash ISA rates after fund charges.

Its capital growth fund is designed for less risk-averse investors and aims to generate annual returns on average 3.5% higher than NS&I cash ISA rates.

IFDS Prism Advanced is aimed at investors targeting larger profits and will look to generate returns 4.5% higher than NS&I cash ISA rates.

The three funds have attracted in excess of £68m since launch in March 2009.

"With a strong track record starting to emerge under the stewardship of the team at Octopus, we are now looking to make the funds available to a wider range of advisers and Skandia gives us an excellent platform from which to do that," says Prism director Anthony Morrow.

Prism was formed in 2009 as a joint venture between IFA support services business Paradigm Partners and Octopus Investments.

 

 

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