Skandia unveils UK Strategic Best Ideas fund

The ten managers will have the flexibility to adjust their exposure strategically according to their view of market conditions. The managers can invest in ten long ideas and up to five short ideas at any one time. Skandia believes the fund has the opportunity to outperform traditional funds if the managers correctly anticipate an environment where more stocks will be falling, and increase their exposure to short ideas relative to longs. Over a full market cycle, this should give the fund lower volatility than traditional UK equity funds, the asset manager says. It is also keen to diff...