Skandia has revamped its £60m Strategic Bond fund, cutting charges and giving the portfolio UCITS status.
The group has cut the fund's AMC from 1.25% to 0.8%, which it says compares favourably to other single manager strategic bond funds. Last month Skandia announced plans to change the name of the Bond Income fund to Strategic Bond to better reflect the investment philosophy. It also removed the fund's income smoothing mechanism and introduced dollar and euro hedged share classes. Fund manager Adam Smears says the new investment powers will allow the fund to combat a rising interest rate environment. "We have renamed our Bond Income fund to the Skandia Strategic Bond fund to reflec...
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