Skandia Investment Group has launched its latest MultiManager solution, which blends together 11 alternative investment funds, in Sweden.

Skandia Investment Group has launched its latest MultiManager solution, which blends together 11 alternative investment funds, in Sweden.

The fund was launched in the UK by Skandia Investment Management in June.

It was the only retail fund available which gave investors, through a single fund, access to a range of alternative primarily institutional funds.

The fund aims to provide investors with long term capital growth by investing in a diversified range of alternative asset classes.

These assets offer portfolio diversification benefits because they tend to have low correlation to traditional asset classes and, when combined, are typically expected to deliver absolute returns over rolling 12 month periods.

Going forward, the team will monitor the fund to ensure that the portfolio remains in the best hands in the market.

Skandia will replace managers and add additional asset classes as opportunities arise in order to maximise the effectiveness of the fund.

Jamie MacLeod, chief executive of Skandia Investment Group, says: 'Launching the Alternative Investments Fund into Sweden is exactly the sort of activity SIG was set up to fulfill. By developing world class funds and distributing them globally through our local businesses, SIG will leverage Skandia's strength throughout the world where appropriate.

'The Skandia Alternative Investments Fund has the ability to provide investors with access to a whole new range of asset classes that previously may not have been available to them. Despite recent volatility in markets, investors are looking for something new and innovative in which to invest. The Skandia Alternative Investments Fund offers them the opportunity to diversify their existing investments.'