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Wednesday March 12, 12:00 AM

Skandia Best Ideas - Hanbury replaces Whiteoak

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Skandia have announced that Dan Hanbury of River & Mercantile will replace Roger Whiteoak as a manager on their UK Best

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Ideas and Global Best Ideas funds. This is the first change to the ten man line-ups since the two funds were launched in October 2006 and June 2006 respectively.

It became necessary to replace Roger Whiteoak after he resigned from AXA Framlington recently – it is currently unknown if he will join another company.

Dan Hanbury currently manages the UK Equity Smaller Companies and UK Equity Unconstrained funds for River & Mercantile. He forged his reputation at Investec, where he successfully managed their UK Smaller Companies fund for several years. He is a manager we rate highly and his smaller company funds have long been a fixture on the Wealth 150, our list of favourite funds in each sector. We are therefore satisfied that Skandia have made the right decision in appointing him to the funds.

The Skandia Global Best Ideas Fund has been among the best performers in its sector since launch. The UK Best Ideas Fund got off to a superb start, but the bias towards managers investing in smaller and medium-sized companies has been a disadvantage in recent months and performance has been hit accordingly. We remain of the opinion that both funds have superb potential and we expect investors in them to be rewarded over the long term.

» Key Features of the Skandia UK Best Ideas Fund
» Key Features of the Skandia Global Best Ideas Fund
» Key Features of the River & Mercantile UK Equity Smaller Companies Fund
» Key Features of the River & Mercantile UK Equity Unconstrained Fund
» Key Features of the Investec UK Smaller Companies


 

Fund research is provided by Hargreaves Lansdown. Hargreaves Lansdown is an independent broker offering unit trust, stockbroking and other pension and investment services. No news or research item is a personal recommendation to deal.