Scottish Life develops investment fund 'matrix'

The initiative is part of the company’s Managed Strategies proposition, and will see external funds chosen to meet a number of specific mandates. It says this approach is a deliberate departure from the common industry practises of selecting “flavour of the month” managers or simply providing as many fund links as possible. Old Broad Street Research (OBSR) has assisted an advisory committee in setting out the mandates for the initiative. The committee is also responsible for choosing appropriate fund managers for each mandate and for the ongoing monitoring of the funds in future. Managers...