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Adam Smears, Skandia Investment Group’s head of fixed interest research

Skandia Investment Group enhances Bond Income Fund


Skandia Investment Group (SIG), the investment management arm of the Wealth Management Division of Old Mutual group, has enhanced the Skandia Bond Income fund which is to be renamed the Skandia Strategic Bond Fund.

The Strategic Bond Fund will have wider investment powers as a result of its UCITS status and a lower AMC of just 0.8%, comparing very favourably to single manager strategic bond funds. These new features reflect the style of fixed interest fund SIG believes is in demand by investors and advisers and will be appropriate for investors aiming to generate positive returns whilst reducing potential losses.
The enhancements will enable SIG to build on the success of the OBSR rated Skandia Bond Income Fund and its excellent track record of outperforming the IMA Strategic Bond peer group over 1, 3 and 5 years.

The Skandia Strategic Bond Fund will continue to be managed by Adam Smears and Anthony Gillham who will use extended investment powers to take advantage of the widest possible range of investment opportunities, an ability that SIG feels is crucial in the rising interest rate environment the market is likely to enter. These enhancements will increase the fund’s flexibility, which more accurately reflects how SIG is managing its fund range.

Adam Smears (pictured), lead manager of the fund, says: “We have renamed our Bond Income Fund to the Skandia Strategic Bond Fund to reflect the flexibility that this fund employs in terms of asset allocation and interest rate exposure. However, we have also added wider investment powers due to its UCITS status which is an important step to ensuring we can take advantage of the widest possible set of investment opportunities for investors. This combined with the lower AMC should help to reinforce the strong performance that the fund has generated.”

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