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Skandia business targets global funds

Skandia is setting up a global asset management business offering outsourced offshore mutual funds across different asset classes, industries, countries, company sizes and investment types. Skandia Global Funds will determine the objective, investment mandate and manager of 20 offshore funds, which will be domiciled in Dublin and sold in more than 20 countries outside the UK. By the end of the year, it hopes to have increased the number of funds it is offering to around 30.

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