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Skandia set for trio of US funds

Skandia Investment Group is setting up three US funds aimed at the UK retail market through Skandia Global Funds.

The US all cap value fund will be sub-advised by Gabelli Asset Management, with Mario Gabelli as portfolio manager.

The US capital growth fund will be sub-advised by Marsico Capital Management, with Thomas Marsico as portfolio manager.

The US large-cap value fund will be sub-advised by Epoch Investment Partners with Bill Priest and David Pearl as portfolio managers. SGF already offers the Skandia US fund managed by T Rowe Price.

The funds will have an annual charge of 1.5 per cent and seed capital of around £450m.

The funds will be domiciled in Dublin and, subject to regulatory approval, aim to launch in September.

Chief executive Jamie MacLeod says the firm has already quietly tested demand for the funds with some advisers. He says: “I think this gives a great opportunity to advisers to give clients access to managers they have not worked with before.”

MacLeod says the company will continue to investigate other product launches despite market conditions. The firm is also due to launch a structured product business based in Paris next year with products also available to the UK market.


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The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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