Skandia IM failing to beat peer group

On its third birthday not one of the funds launched during Skandia Investment Management's (IM) firs...

On its third birthday not one of the funds launched during Skandia Investment Management's (IM) first year of existence is outperforming its peer group. The firm came to the market with three actively run multimanager portfolios at launch, Aggressive, Balanced and Cautious, with sections of each run by a variety of houses including Martin Currie, First State, Royal London and Gartmore. Over the period 17 February 2003 to 14 February this year, Skandia Aggressive made a bid to bid return of 73.1% while the IMA's Active Managed peer group grew by 87.49%, according to Standard & Poor's. Ove...