Threadneedle passes £500m AUM on Skandia platforms

Threadneedle today announced that it has passed £500m of assets under management on Skandia's investment platforms.

Threadneedle funds were first made available on the platform in 2001. Since then, Threadneedle's links have grown extensively across Skandia's life and pension fund range and via the Skandia Investment Solutions platform. Currently there are 34 Threadneedle funds available across the platform.

One of the most popular Threadneedle funds on the platform at the moment is the Absolute Return Bond Fund. Launched in 2005, the fund has an outstanding track record of delivering positive returns across all market conditions over the medium term. The award-winning Threadneedle UK Property Trust, managed by Don Jordison and Chris Morrogh, also features prominently on the platform.

Graham Bentley, head of investment marketing at Skandia commented: "We have been in partnership with Threadneedle for over eight years and our working relationship has been recently underlined by the Threadneedle funds accumulating £500 million of assets through this partnership. Threadneedle's relationship with the Skandia business continues to grow and we look forward to developing that relationship further."

Gary Collins, head of UK wholesale distribution, Threadneedle, commented: "Over the last eight years we have experienced much success with our funds on the platform and have developed a very strong relationship with Skandia. We're delighted to have hit £500m in assets and believe we can build on this success in 2010 by continuing to offer investors strong performing funds."