Skandia extends best ideas to Europe

Skandia Investment Group is to launch a European Best Ideas fund. The fund joins three best ideas funds managed by the group and will be based in Dublin.

It will be launched initially in eight countries across continental Europe investing in pan-European equities, including exposure to Britain. Skandia plans to assess demand for the fund in the British market.

The managers will pick their 10 best stock ideas and combine them into a single portfolio of about 100 stocks.

Skandia has also announced the appointment of Richard Vincent as product development director and Steve Kowal as head of global fund group relationships. Kowal joins from Fidelity FundsNetwork while Richard Vincent moves from Skandia UK.