The fund will provide exposure to a range of global equities through a diversified portfolio of investment managers, each running a specialist regional or country-specific mandate.
SIG says the fund will offer the potential to generate additional value to that provided by its manager selection via a flexible asset allocation approach.
The fund will be benchmarked against the MSCI AC world GDP index.
Skandia Investment Group chief investment officer James Millard says: Investors are increasingly looking for global rather than regional equity solutions. Our unique position and size in the market gives us unrivalled access to world-class managers, including those not otherwise available to individual investors.