Skandia Investment Management has introduced a global emerging markets equity fund which blends the talents of six external managers.
It invests across five retail funds and one segregated mandate, combining generalist and specialist regional holdings.
The biggest weightings are in Lazard emerging markets and Schroder global emerging markets at 19 per cent each. These are followed by 18.6 per cent in both the Hamon Asian market leaders fund and a segregated Asia Pacific mandate run by First State’s Angus Tulloch. The rest is split 13.3 per cent and 11.5 per cent between Gartmore Latin America and Resolution international emerging Europe.
Charges are 5 per cent initial and 1.5 per cent annual. The anticipated total expense ratio is 2.43 per cent. Minimum investment is £1,000 and the portfolio will be seeded with £27m.
Hargreaves Lansdown senior investment adviser Ben Yearsley says: “These are good managers but the question of whether there is significant demand for another emerging markets vehicle needs to answered.”