SIG puts Healthcare fund on SIS
Skandia Investment Group’s Dublin domiciled Healthcare fund is now available on the Skandia Investment Solutions platform.
The move is in response to the recent resignation of Deane Donnigan from the AXA Framlington Health fund, which SIG said was “traditionally the biggest asset taker in the healthcare sector in the UK.”
Because of that resignation, SIG believes UK financial advisers will seek other healthcare funds.
“More generally, demand for healthcare funds has been generated by the predicted growth opportunities within the sector. This trend has been reinforced by forecasts that there will be an increase in healthcare spending from the growing Emerging Markets mass affluent classes,” SIG said.
The Skandia Healthcare fund is A rated by OBSR, and sub-advised by OrbiMed Capital, the specialist healthcare and life sciences firm.