Neptune Funds to be distributed on Skandia platforms

Award-winning fund management boutique Neptune Investment Management ('Neptune') and international investment group Skandia International have collaborated to enable distribution of two Neptune funds via Skandia platforms.

Both the Neptune US Opportunities Fund and the Neptune Russia and Greater Russia Fund will be available, with immediate effect, to international advisers through both the Royal Skandia and Skandia Finland platforms.

This partnership will see the first official mirror fund links via Skandia for the European and international advisory market. It has been made possible due to the significant investment made by Neptune in introducing Euro and US dollar share class solutions on a wide range of Neptune’s most popular OEIC funds for international investors.

Neptune will be working closely with Royal Skandia and Skandia Finland to enhance the profile of Neptune amongst advisers, initially in Finland, the Middle East and Far East. This follows on from Neptune's partnership with Hansard, the specialist long-term savings provider, over the past couple of years.

This initiative is part of the continued drive to build Neptune's client base amongst offshore life companies, currently representing over £100m of the Company’s £4bn AUM. These assets are predominantly invested in the Asia Pacific, US, Europe, Russia and Global funds.

The Skandia International team is currently reviewing a number of other Neptune funds and additional links are imminent.

Commenting on the collaboration, John Lester, Head of Third Party Distribution at Neptune said: "As we have seen the demand increase for Neptune funds in other jurisdictions, we have responded by expanding our distribution resources. This has included the launch of US Dollar and Euro currency classes, which have seen strong flows this year amongst European clients and global life companies. We are currently engaged in discussions with a number of other platforms and foresee further international distribution partnerships in place over the next six months."