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Skandia’s Spectrum funds launch on Cofunds

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Skandia’s Spectrum range of risk-rated funds has launched on Cofunds.

The launch follows Skandia’s decision to make the range available to advisers who use Distribution Technology’s Dynamic Planner risk profiling service.
 
The range is proving popular with advisers having already attracted over GBP550m via the Skandia Investments Solutions platform and its life and pensions fund range. 

The launch of Spectrum on Cofunds extends the availability of the funds to the UK advisory market.

The six Spectrum funds were originally designed in conjunction with Towers Watson’s risk mapping tools and have been available since launch exclusively on the Skandia Investment Solutions Platform and its life and pensions fund range. 

Now, advisers using Cofunds can use the Distribution Technology’s risk profiling software to appropriately match the relevant Spectrum fund to their client’s requirements.

The Spectrum funds, which are managed by Skandia Investment Group, are regularly reviewed and automatically rebalanced to ensure they remain in line with the stated volatility targets.Unlike most funds, which are rated on performance relative to a peer group, the Spectrum funds aim to maximise investment returns within these set volatility targets.

Rob Williams, SIG chief sales and marketing officer, says: “We’re delighted by the rapid take up of Spectrum by one of the largest platforms in the UK following our decision to map the funds using Distribution Technology’s risk planning software. This will enable advisers using Cofunds to build a robust and compliant investment solution for their clients.”

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