Statwatch: Multi-management success for Skandia

Adopting a multi-manager approach has led to a consistent performance from the Skandia Ethical fund,...

Adopting a multi-manager approach has led to a consistent performance from the Skandia Ethical fund, which launched last September and was a top quartile performer in its first 12 months. Bid to bid figures from Standard & Poor’s rank the portfolio seventh in the 154-fund Global Growth sector over its first 12 months, with strong consistency from the portfolio in individual months in between. The fund’s performance did drop in June though this corresponds with the overall dip in market activity during that period. The fund’s growth fell to -6.81% in the discrete May to June 2006 perio...