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Skandia launches two passive funds for retail market

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Skandia has launched two passive retail funds – Skandia UK Index and Skandia Gilt.

Skandia has launched two passive retail funds – Skandia UK Index and Skandia Gilt.

The current market conditions have re-based investors’ demand for the types of product they want to buy and Skandia has noticed demand for some of the funds it currently only uses to construct its existing retail funds.

The new funds will provide investors access to some of Skandia’s existing individual mandates for the first time.

The funds are available via Skandia’s Investment Solutions platform, its life and pension fund ranges and direct from Skandia Investment Management.

The launch of the funds to the retail market and their introduction to the Skandia’s platform is part of a wider initiative to increase the number of passive funds available from Skandia.

Skandia UK Index is managed by Barclays Global Investors, which has run the fund since 2004. BlackRock’s Panayotis Ferenedinos has been running the Skandia Gilt fund since 2002.

Rob Williams (pictured), business development director at Skandia Investment Group, says: "In the current market we have noticed demand for passive funds from certain advisers who want to build their own portfolios. Making our UK Index and Gilt funds available for retail investors is the first time we have elevated some of our segregated mandates in this way. We’ll be continuing to review our selection of mandates, which are run by some of the best known fund managers, to see if any others are suitable for the retail market.’

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