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Skandia to launch alternatives multi-manager product

Skandia Investment Group is to launch a new multi-manager vehicle that will give investors access to 10 alternative asset classes.

The fund is designed as a diversifier to traditional asset classes with low correlation to equities, bonds and property.

Each asset class will be outsourced to an individual manager with SIG using its 40 analysts and portfolio managers to monitor the investment performance of the 10 chosen.

The ten asset classes at launch are likely to be: diversified hedge fund exposure, listed timber, precious metals, listed metals, listed infrastructure, hard and agricultural commodities, active currency management, global macro strategy, long/short equity strategy and volatility.

The fund launch is subject to regulatory approval and will be available direct and through ISA, pension, onshore and offshore bond wrappers.

SIG chief executive Jamie MacLeod says: ““This fund aims to bring alternatives investment into the mainstream. For many years large financial institutions and wealthy private client investors have utilised alternative asset classes that complement their more traditional investments. Given that these asset classes often perform independently of equity markets, they have reduced the overall risk of their portfolios and with it their exposure when equity markets fall. Retail investors will soon have access to these investment solutions.

“The global scale of SIG, our unrivalled investment research capability and our commitment to innovation puts us in a unique position to build such a compelling investment fund. We are one of the few companies in the world that could do this.”

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