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Skandia offers multi-manager range

Skandia Investment Management is launching a range of low cost multi-manager funds this week.

SIM describes the three funds – cautious, balanced and aggressive – as a blend of manager of manager and fund of funds.

Each has an annual management charge of 1.25 per cent, with a total expense ratio of 1.85 per cent. Commission is 3.5 per cent with 0.5 per cent trail.

SIM has also appointed Sarah Black from Axa Investment Managers as marketing manager.

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