Bringing you live news and features since 2006 

Skandia awards GBP150m UK equities mandate to Schroders


Skandia Investment Group has awarded a further GBP150m mandate to Richard Buxton at Schroders following its decision to remove the mandate from Origin Asset Management.

The GBP150m mandate covers an element of UK equity assets in Skandia’s UK Equity Blend Fund, the GBP280m Skandia Diversified Fund and all six of Skandia’s risk rated Spectrum funds.

The Schroders UK equity team, headed by Buxton, already has mandates in three of SIG’s funds: Skandia Global Best Ideas Fund; Skandia UK Best Ideas Fund; and Skandia Global Dynamic Equity Fund.

Senior fund manager Ryan Hughes (pictured) says: “We’ve been particularly pleased with Schroders presence in managing UK equities within three of our funds and so I’m delighted that we have been able to extend their presence by adding the Skandia Diversified Fund, the Skandia UK Equity Blend Fund and the Skandia Spectrum Funds to their remit.

“Our role is to ensure we select managers who we believe to be the best at any point in time, and it has become clear from extensive research that Schroders have an excellent capability that has consistently delivered over a long period. As a result we decided to award them the new mandate.”
Robin Stoakley, Schroders’ head of UK intermediary, adds: “Richard and Schroders are delighted to have been awarded substantial additional assets by Skandia. The Alpha plus Strategy, pioneered by Richard, is very popular with advisers and Skandia’s selection confirms how suitable it is in today’s investment climate.”

Latest News

ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...
News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by