Bringing you live news and features since 2006 

Ryan Hughes, Skandia Investment Group

Skandia UK Strategic Best Ideas sees market exposure hit record high


Skandia Investment Group’s UK Strategic Best Ideas fund has recorded its highest ever net market exposure as underlying managers’ continue to have faith in UK companies.

The new record, reached at the end of last week, means that the GBP63m fund currently has only five short positions in the entire portfolio.

The fund’s biggest position (4.77 per cent) is currently in Lloyds Banking Group, which is also the biggest active bet in the 60-stock portfolio.
Launched in September 2007, Skandia UK Strategic Best Ideas is a multi-manager fund that aims to provide long term total return through investment in predominantly UK securities. The fund invests in the ten best ideas of a number of managers from different investment houses, giving up to 80 stocks in total.
The fund is currently managed by eight UK based long/short equity managers: Paul Casson of Henderson, Richard Plackett of BlackRock, Tim Steer of Artemis, Phil Hardy of Polar Capital, Mark Lyttleton of BlackRock, Colin McLean of SVM, Ben Wallace, Gartmore and  Julius Lipner of Aviva Investors, who joined the fund in October this year.
Each manager is able to short up to 50 per cent of his portfolio, or go long up to 100 per cent dependent on market views. Managers are chosen for their expertise in different areas of the UK market and all have experience of hedge products.
Ryan Hughes, senior portfolio manager at SIG, says: “The nature and makeup of the fund means that its market exposure is a great indicator as to the genuine confidence the underlying managers have in the market and individual stocks. With currently only five short positions across the entire portfolio that confidence is arguably higher now than any time since the fund’s launch in September 2007 and it is encouraging to see the managers looking to take full advantage of that for investors.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
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