Skandia is to launch 20 single manager funds under the Signature banner.
Skandia Investment Group will manage the funds. The Signature range will comprise four British equity funds, one property, two British fixed interest, three global fixed interest, two European equity, three North American equity, one Japanese equity, two Far East excluding Japan equity and one global specialist.
These 19 products will come in the first round of launches with one further vehicle to come. Of the Signature funds, 18 will be new to the British market.
The manager line up for the range is still to be confirmed. However, Skandia says most are not accessible to British investors yet and are largely from the institutional space.
As each fund will only have one manager, the range will compete directly with the broader retail universe, rather than just multi-manager solutions.
Skandia head of investment marketing Graham Bentley says the Signature funds will meet the growing demand from financial advisers for different approaches to portfolio construction and management.
He says advisers can retain control of the asset allocation and style-tilt decisions within their client portfolios. At the same time, they can use the resources and expertise of the group’s global investment research team that aims to identify the best fund managers in each investment sector. The funds will be available on Skandia’s platform.