Skandia may bring trackers to retail market

Skandia Investments may bring its UK Index and Gilt funds, both tracker vehicles, to the retail market for the first time, the group has announced.

The two are used as components of funds in Skandia’s multi-manager range. The group says in a press release: “The current market conditions have re-based investors’ demand for the types of product they want to buy, and Skandia has noticed demand for some of the funds it currently only uses to construct its existing retail funds.”

Skandia UK Index is run by Barclays Global Investors, while the Gilt fund is managed by Panayotis Ferendinos at BlackRock.

“In the current market … we’re noticing demand from advisers and investors for tracker funds to form a bigger element of their portfolios,” said Rob Williams, the business development director.

A final decision has not been made, however.

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