Skandia Investment Group (SIG) is set to launch its Core Fund range in Continental Europe and Latin America, with plans to roll it out in the UK in 2009.
SIG’s Core Fund range offers access to a range of fully researched and endorsed funds, according to the company.
The range will initially be launched in Continental Europe, Scandinavia and Latin America, but will not yet be launched in the UK where Skandia is focusing on expanding its full open architecture proposition.
Responding to demand from financial advisers, intermediaries and distributors in Europe, Scandinavia and Latin America, the Core Fund range consists of 275 funds from over 100 fund groups, which have passed SIG’s ‘4-P’ standard.
The ‘4-P’ 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, said SIG.
The Core Fund range is designed to enable advisers, intermediaries and distributors to outsource some aspects of investment research. Approximately 50 analysts and portfolio managers are monitoring the 275 funds, on their behalf, on a daily basis, according to the firm.
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 Skandia group.
Jamie MacLeod, CEO at SIG, said: “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.
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