Australian Skandia has launched Skandia Global Investment Solutions, its first managed fund product in the Australian market.
In connection with the launch, the firm is introducing the Morningstar Global Style Box, an online tool for analysing funds by size, style and global/regional diversification, and the Skandia Adviser Model Portfolios, an advanced IT service solution that enables financial planners to create and manage customised portfolios.
Australian Skandia's range of investment solutions will be sold through independent financial advisers (IFAs), an industry that grew by 33 per cent in 1999 according to the Australian Financial Planning Association.
The firm plans to introduce a range of retirement and superannuation solutions, including an employer-sponsored superannuation product in early 2002.