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Skandia debuts on Cofunds with selection of 15 funds

Skandia Investment Management is making 15 of its funds available to advisers through Cofunds.

Its seven asset allocator funds, five actively managed funds, two property funds and ethical fund have been added to the platform as a result of the deal, which follows its agreements with FundsNetwork and Lifetime’s wrap platform, the bigger picture, at the end of last year.

Skandia IM also has distribution deals in place with a number of networks includ- ing Bates, Bankhall, Millfield, Sesame and SimplyBiz.

The firm has amassed 3.7bn under management since launching in 2003. It introduced its asset allocator range last April and recently started a global prop- erty securities fund managed by LaSalle and a UK bricks and mortar property fund.

Chief executive Jamie MacLeod says: “With 6,500 advisers using the platform and over 6.1bn of funds under management, Cofunds will be a highly effective distribution route for us.”

Cofunds marketing and product development director Mark Jones says: “We are delighted that Skandia IM is joining our platform. Clearly, there is increasing demand for multi-manager funds in general and Skandia is now a leading competitor in this market.”

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