Royal Skandia is to offer a mid-cap bias Japanese fund through its offshore life wrapper. The fund, ...
Royal Skandia is to offer a mid-cap bias Japanese fund through its offshore life wrapper. The fund, managed by Asia-based Sparx, has a mandate which is around £20m in size. The portfolio has a small to mid-cap focus and it takes concentrated positions in undervalued companies. It aims to capitalise on the socio-economic structural changes occurring in Japan. Although Sparx is relatively unknown in the European market, it is one of Asia's largest independent asset managers. This portfolio will complement Skandia's existing Japanese fund in the portfolio, which is managed by JP Morgan Fleming and focuses on large-cap stocks.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November