Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Eight groups snapped up for Skandia's new fund range

Eight groups snapped up for Skandia's new fund range

Skandia has snapped up eight groups to a new sub-advised fund range to be launched next year.

The new range will be made available on Skandia’s Solutions platform and has been designed to be low cost.

Aberdeen, BlackRock, BNY Mellon, Fidelity, Henderson, JP Morgan, Schroders and Threadneedle have all verbally agreed to join the new range, which has the working title ‘Select’. Old Mutual Global Investors will also be involved.

Paul Feeney, chief executive for Old Mutual Wealth, which comprises Skandia and Old Mutual Global Investors, said the line up of fund managers should make the proposition attractive to all types of advisers after the retail distribution review (RDR).

Feeney (pictured) added: ‘The funds will have very competitive charges, a clear example of how we are able to use our scale and market position to negotiate great deals for the advisers that work with us and their customers.’

One group which won’t be featuring in the new range is M&G as it is unable to provide sub-advised retail mandate services. Skandia has said it will be working together with M&G to find a way for it to join the new range.

The funds will be run as sub-advised retail mandates and Skandia intends the range of approximately 50 funds to be cost competitive, covering all major asset classes.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter