SIG replaces manager on US Large Cap Growth

clock

Skandia Investment Group has appointed Cincinnati-based boutique Fifth Third Asset Management to run $80m US Large Cap Growth fund, replacing Wellington Management.

SIG says the move signals its intent to take a more aggressive stance towards US large caps, with FTAM expecting a strong bounce for high quality stocks in 2010. While FTAM believes the next phase of the recovery in US equities will provide more subdued returns compared to last year, it says quality companies will come to the fore amid improving US company profits and earnings. FTAM is a wholly owned subsidiary of one of the USA's largest regional banks, Fifth Third Bank, which was founded in 1858 and is headquartered in. "The easy money has been made on the bounce back in the mark...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

7IM's Ben Kumar: When behavioural biases are not all they seem

7IM's Ben Kumar: When behavioural biases are not all they seem

Investment identity more important

Ben Kumar
clock 02 July 2025 • 3 min read
Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Trustpilot