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Skandia says best ideas will win out in the long term

Skandia Investment Management says investors should not focus on the short-term returns from its UK and global best ideas funds after they underperformed in the past year.

The funds have failed to beat their benchmarks over 12 months, with returns from the £268m UK best ideas fund falling by 17 per cent compared with an average 10.9 per cent fall in the Investment Management Association’s UK all companies sector.

Global best ideas has fared better, falling by 7.8 per cent compared with a 4.6 per cent fall in the IMA active managed sector.

Skandia’s best ideas funds look to generate value by asking 10 well-known managers to select their top 10 stocks. Current names in both the UK and global offerings include Richard Plackett, Mark Tyndall and Stephen Whittaker.

Skandia has since launched a UK strategic long/short best ideas fund and has a European model in the pipeline.

Chief investment officer James Millard says: “In the recent volatility, many of the underlying managers continue to take the long-term view and do not worry about trying to outperform the market over the course of a week or a month and do not get distracted by the noise of the market.

“We are in constant dialogue with the underlying fund managers and we remain very happy with them.”


Prestbury quits IFA sector

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Standard & Poor’s places Bradford & Bingley on negative creditwatch

Standard & Poor has placed its ‘A-1’ short-term counterparty credit rating on Bradford & Bingley PLC on creditwatch with negative implications.It says that this move follows B&B’s 2007 results released last week.S&P credit analyst Nick Hill says:”The creditwatch placement follows B&B’s 2007 results and reflects our view that the combination of rising impairments, potential margin […]

Advisers are not convinced about generic advice, says

Only 16 per cent of advisers say a generic advice system will improve the take-up of savings products, according to research by The results show that 24 per cent of IFAs believe a generic advice model will lead to a decline in the take-up of savings products and 61 per cent think it will […]

ABI in flood talks to setout principles

The Government and the Association of British Insurers are set to review the statement of principles to ensure flood defences are up to scratch.The ABI says the statement of principles needs updat-ing in light of last summer’s devastating floods and the effects of climate change.The statement of principles is an agreement where ins-urers offer home […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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