Skandia Investment Group is increasing its weightings in Asia Pacific and emerging markets and reducing exposure to Japanese and US equities following a review of asset allocations on its Global Best Ideas fund.
The annual review of asset allocation, in line with the MSCI AC World GDP Index, has lead to the weighting in Asia increasing by 0.5pc, emerging markets increasing by 1pc, Japan decreasing by 0.5pc and US decreasing by 1pc. The fund's global remit is biased towards the UK - 50pc of the fund is invested here - as it is primarily designed to appeal to UK based investors, while asset allocation of the global element is based on global GDP. Since launch two years ago, the fund has delivered strong performance with an 18.5pc investment return and currently has assets of approximately £420m....
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