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Skandia looks to GDP growth to benefit dynamic fund

Skandia says that using gross domestic product growth rates rather than index weightings in geographical asset allocation should help its multi-manager global dynamic equity fund to outperform.

It says GDP provides an up to date measure of economic growth around the world which is more useful than backward-looking stockmarket indices such as MSCI.

Although there was a high correlation between different countries at the end of last year, when they all fell as the financial crisis hit hard, fund manager Ryan Hughes considers that the benefits of diversification will be felt by investors over the longer term as regions and asset classes outperform over different timeframes.

Skandia has employed specialist institutional managers to pinpoint opportunities. Investment groups running the US part of the portfolio are Marsico, Epoch, QMA and Acadian.

Hughes says: “We have a big team with lots of resources and this enables us to employ institutional managers who want to work with Skandia. We have four managers in the US that differ in style and approach. They are institutional managers who have made the decision not to manage retail funds and have excellent track records in their own specific areas.”


Tenet offers loans to members

Tenet is making loans available to its member firms, as many businesses struggle to obtain credit from the banking sector.

Platforms blasted on risk ratings

An adviser has hit out at the way that platforms assess the risk of individual funds after a Zurich fund which was assigned a low-risk rating fell by almost 20 per cent in value.

Morgan Stanley FTSE plan extended

Morgan Stanley has launched the second tranche of its FTSE Defensive Gilt-Backed Growth Plan, a structured product linked to the performance of the FTSE 100. The plan buys British government bonds which have a AAA Standard & Poor’s rating and uses a segregated account to secure the returns from its use of derivatives. However, the […]

Negative numbers

The Council of Mortgage Lenders’ revelation that nearly a million homeowners are now in negative equity is more grim news for the already frozen housing market.

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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