Best Ideas concept more than gimmick

Skandia's Global Best Ideas fund reaches first anniversary boosting strong returns from an approach combining their 10 best managers and 10 best ideas

James Millard is chief investment officer at Skandia, responsible for the overall asset allocation of the Global and UK Best Ideas funds. Global Best Ideas, which celebrated its first anniversary in June this year, comprises 10 managers and their 10 highest-conviction stock picks, combined into a diversified portfolio. How has the asset allocation on the fund changed over the past few months? Our asset allocation is a long-term strategy. The 50% weighting towards the UK never changes - this is intended to make the fund appealing to UK investors, also because we have five UK managers and...