Broker Review: Blend it like Skandia

SKANDIA INVESTMENT MANAGEMENT: UK Equity Blend Fund

Type: Multi-manager Oeic

Aim: Growth and income by investing in UK equity investment funds and segregated mandates

Minimum investment: Lump sum 1,000, monthly 50

Investment split: 17% Gartmore segregated mandate, 19% UBS segregated mandate, 19% Lazard segregated mandate, 19% Martin Currie segregated mandate, 18% Artemis UK growth fund, 8% Schroder UK alpha plus fund

Isa link: Yes

Pep transfers: Yes

Charges: Initial 5%, annual 1.5%

Commission: Initial 3.5%, renewal 0.5%

Tel: [phone]

Skandia Investment Managements UK equity blend fund is one of seven funds of funds in the new Asset Allocator range.

Barry Laymond Financial Services certified financial planner Barry Laymond points out that...