INVEST WITH THE ELITE
Royal Skandia
Royal Skandia offers a selection of bonds* which give you the freedom
to invest in funds of your own choice. They provide you with the
advantages and straightforward approach of unitised funds but with
a much wider investment choice. By choosing one of these bonds you
can invest in:
■ Royal Skandia’s own award-winning range of internal unit-linked
funds, and
■ Most other authorised collective schemes.
Royal Skandia offers an ELITE LIST which contains many of the
world’s most prestigious fund management groups. Each group has
been chosen because of its award-winning performance and expertise
in particular investment markets. This means that we can provide you
with opportunities to invest in a broad range of sectors and at a level
of risk to suit your needs.
Use our ELITE LIST to boost your investment
Creating your investment portfolio can be expensive. In addition to
the charges you would pay, there is an initial charge for investing into
any collective scheme which normally range from 4-6% of your
investment. We have negotiated large discounts** with all our ELITE
LIST fund managers. This means that more of your money is invested
for you. For example:
Offshore Fund Group Reduced Initial Fund Charge
Baring Asset Management 0.50%
Fidelity Investment No Charge
Fleming Asset Management 0.50%
Jardine Fleming 0.50%
Lazard No Charge
Gartmore No Charge
Perpetual No Charge
Investec Guinness Flight 0.25%
INVESCO GT 0.50% - 1.50%
Remember - ALL of the groups on our ELITE LIST offer a reduced initial
charge.
But it doesn’t stop there, because of Royal Skandia’s size and close
relationships with other fund management groups, we are able to
negotiate discounted rates for funds. These discounts enable you to
invest more of your money for a higher level of growth.
* Please remember that the Managed Capital Account and Managed Account
Bond only allow access to the internal Royal Skandia fund range.
International Product Provider of the Year 1998 & 1999
Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£/$ Aggressive Baring Managed 0.25% £/$ Balanced Fidelity Managed 0%
£/$ Balanced Baring Managed 0.25% External Funds
£/$ Cautious Baring Managed 0.25% Offshore 0%
£/$ Baring Currency Managed 0.25% Onshore 0%
£/$ Baring Eastern European 0.25%
£/$ Baring Emerging World 0.25% Established: 1946
£/$ Baring Europe Select 0.25% Funds Under Management: £390 billion
£/$ Baring High Yield Bond 0.25% Royal Skandia Funds Under
£/$ Baring Korea 0.25% Management: £124 million
£/$ MultiLink International Bond 0% Linked to Royal Skandia: 1991
External Funds
Offshore 0.50% Management Style: Bottom up stock selection with first-
hand company-level research from a global network of
Onshore 0.50%
regional offices. Managers do not have pre-set lists but
global asset allocation is determined by the Global Policy
Established: 1762 Unit.
Funds Under Management: £23.3 billion
Royal Skandia Funds Under
Management: £82 million
Linked to Royal Skandia: 1989
Management Style: A global network with in-house
research and forecasting. Outperformance objectives vary
according to the client's aim. However, the core Baring
Asset Management portfolio seeks to achieve at least Royal Skandia Internal Funds Initial Fund Charge
second quartile performance with below median risk. £/$ Fleming Emerging Markets
Investment Trust 0.50%
£/$ Fleming US Equity 0.50%
External Funds
Offshore 0.30% - 0.50%
Onshore 0.50%
Investment Trust Charge 0.30%
(minimum of £40)
Established: 1873
Funds Under Management: £60 billion
Royal Skandia Funds Under
Management: £11 million
Linked to Royal Skandia: 1995
Management Style: Strategic asset allocation, active
management and stock selection.
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Royal Skandia Internal Funds Initial Fund Charge
£/$ Foreign & Colonial
Investment Trust 0.80%
External Funds Royal Skandia Internal Funds Initial Fund Charge
Offshore 1% £ Govett UK Safeguard 0.50%
Onshore 1% $ Govett US Safeguard 0.50%
Investment Trust Charge 0.3% External Funds
(minimum of £40) Offshore 0.50%
Onshore 0.50%
Established: 1868
Funds Under Management: £26 billion Established: 1920
Royal Skandia Funds Under Funds Under Management: £3.8 billion
Management: £712,000
Royal Skandia Funds Under
Linked to Royal Skandia: 1996 Management: £11.7 million
Linked to Royal Skandia: 1996
Management Style: Concentration is on stocks well
positioned to secular trends and gaining market share or
Management Style: A top down relative value approach
leaders in niche markets, avoiding market fashions.
to country asset allocation. Emphasis on identifying long
Active use of bonds and currencies, as well as futures and
term value, while adapting investment strategies to
options.
specific client requirements. Stock selection is considered
very important - based upon fundamental company
analysis with attention to projected earnings growth and
valuation relative to markets.
Royal Skandia Internal Funds Initial Fund Charge
£/$/ Balanced Gartmore Managed 0%
£/$ Gartmore CS US Smaller Cos 0%
£/$ Gartmore CS Europewide 0%
External Funds
Offshore 0%
Onshore 1.25%
Established: 1969
Funds Under Management: £48 billion
Royal Skandia Funds Under
Management: £83 million
Linked to Royal Skandia: 1992
Management Style: Regional allocations and stock
selection through a truly international investment team.
Disciplined, primarily top down approach to regional
allocation, coupled with a bottom up method of stock
selection.
2
Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£/$ Henderson Global Technology 0.75% £/$ GT ASEAN 0.50%
£/$ Henderson India 0.50% £/$ GT Latin America 0.50%
External Funds £/$ GT Bond 0.50%
Offshore 0.50% £/$ GT Healthcare 0.50%
Onshore 0.75% £/$/ Balanced INVESCO Managed 0.50%
£/$ INVESCO PS Asia Enterprise 0.50%
Established: 1934 External Funds
Funds Under Management: £19.8 billion Offshore 0.50% - 1.50%
Royal Skandia Funds Under Onshore 0%
Management: £6 million
Linked to Royal Skandia: 1995 Established: 1863
Funds Under Management: £155 billion
Management Style: A flexible but stable investment team Royal Skandia Funds Under
approach. "House View" complemented by Research Management: £41 million
Department role.
Linked to Royal Skandia: 1995
Management Style: INVESCO GT is an active growth
investor with a global approach to identifying investment
opportunities. INVESCO GT's belief is that superior
returns are available by the early identification of
"undiscounted" changes in companies or in the
environment in which they operate. GT was acquired by
Amvescap plc in June 1998.
Royal Skandia Internal Funds Initial Fund Charge
£/$ HSBC Chinese Equity 0.25%
£/$ HSBC Hong Kong 0.25%
External Funds
Offshore 0.25%
Onshore 0.25%
Royal Skandia Internal Funds Initial Fund Charge
Established: 1865
£/$/ Cautious Guinness Flight
Funds Under Management: £39 billion Managed 0.25%
Royal Skandia Funds Under £/$ Guinness Flight GS Global
Management: — Privatisation 0.25%
Linked to Royal Skandia: 1999 External Funds
Offshore 0.25%
Management Style: Seek to add value by taking Onshore 0.25% - 0.30%
advantage of short-term market inefficiencies. Security
selection implemented by local fund managers in seven
offices around the world whilst asset allocation is Established: 1997 (merged with Hambro)
determined centrally. ‘Business cycle relative value’ Funds Under Management: £10.6 billion
investors, believing that different investment styles work Royal Skandia Funds Under
well at different stages of the business cycle. Management: £63.8 million
Linked to Royal Skandia: 1992
Management Style: Allocations are driven by a top down
approach, analysing the key macro-economic data forces
affecting the relative values of each country or sector
before considering stock selection.
3
Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£/$ Jardine Fleming Eastern £ Jupiter Ecology 0.50%
Smaller Cos 0.50% External Funds
£/$ Jardine Fleming Greater China 0.50% Offshore 1%
$ Jardine Fleming Hong Kong 0.50% Onshore 0.50%
£/$ Jardine Fleming Pacific Securities 0.50%
£/$ Jardine Fleming Thailand 0.50% Established: 1985
External Funds Funds Under Management: £6.5 billion
Offshore 0.50% Royal Skandia Funds Under
Management: £3 million
Established: 1970 Linked to Royal Skandia: 1998
Funds Under Management: £2.2 billion
Royal Skandia Funds Under Management Style: Analysis of key variables; economic
Management: £15.9 million growth, inflation and interest rates will have a strong
Linked to Royal Skandia: 1997 effect when different from the consensus. Distinctive
stock selection criteria builds focused portfolios. A firm
culture emphasises responsibility, creative thought and
Management Style: In-house research based active decisive action in pursuit of top performance.
investment management style aims to add value by a
vigorous and disciplined approach to both top down and
bottom up considerations. Jardine Fleming believe that
growth is the principle determinant of equity market
performance both at index and stock level and recognises
the increasing diversity of the different markets in the
Asia Pacific region.
Royal Skandia Internal Funds Initial Fund Charge
£/$ Lazard European Equity 0%
External Funds
Offshore 0%
Royal Skandia Internal Funds Initial Fund Charge Onshore 0%
£/$ MultiLink US Equity 0%
Established: 1848
Established: 1913 Funds Under Management: £41 billion
Funds Under Management: £160 billion Royal Skandia Funds Under
Royal Skandia Funds Under Management: £28.6 million
Management: £1 million Linked to Royal Skandia: 1994
Linked to Royal Skandia: 1998
Management Style: Driven by stock selection, the focus is
Management Style: Investment based on fundamental on value creation for shareholders. This is achieved by
research, and the approach they take places a great deal of concentrating on companies that are financially
emphasis on the medium and long term horizon, productive yet inexpensively priced. A bottom up style
compared with the shorter outlook of many of their adds value by evaluating companies in the same way as
competitors. The judgement of their experienced analysts, management's measure their own performance.
traders and portfolio managers is used in unique
conjunction with disciplined techniques to construct
client portfolios.
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Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£/$ Mercury Offshore Sterling £/$ Newton Intrepid 0%
Trust (UK) 0.25% £/$ Newton Japan 0.25%
£/$ Mercury World Bond 0.25% External Funds
£ Mercury Government Securities 0.25% Offshore 0.25%
External Funds Onshore 0.25%
Offshore 0.25%
Onshore 0.25%
Established: 1977
Established: 1967 Funds Under Management: £10 billion
Funds Under Management: £305 billion Royal Skandia Funds Under
Royal Skandia Funds Under Management: £5 million
Management: £9.9 million Linked to Royal Skandia: 1998
Linked to Royal Skandia: 1998
Management Style: Research driven approach
Management Style: Committed to an aim of achieving the underpinned by global themes to identify long-term
best performance possible for their clients, they use in- value.
depth knowledge of the world's stock markets and the
resources available to them as part of one of the world's
leading investment groups.
Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£ Morgan Grenfell All-Weather £/$ MultiLink Japanese Equity 0%
Equity 0.50%
External Funds
Established: 1969
Offshore 0.50% Funds Under Management: £10 billion
Onshore 0.50% Royal Skandia Funds Under
Management: £640,000
Established: 1838 Linked to Royal Skandia: 1998
Funds Under Management: £85 billion
Royal Skandia Funds Under Management Style: Being relative value managers,
Management: £4.7 million Nomura use a combination of top-down and bottom-up
Linked to Royal Skandia: 1998 investment styles. However, the main source of
outperformance is derived through careful stock
selection.
Management Style: Adding value through asset
allocation and stock selection, based on top quality
research, evaluating risks as well as return.
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Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£/$ Aggressive Perpetual Managed 0% £/$ Scandinavian Equity 0%
£/$ Perpetual International Growth 0.50% External Funds
£/$ Perpetual UK Equity 0% Offshore 0%
External Funds
Offshore 0% Established: 1988
Onshore 0.51% Funds Under Management: £15 billion
Royal Skandia Funds Under
Established: 1973 Management: £11.5 million
Funds Under Management: £9 billion Linked to Royal Skandia: 1997
Royal Skandia Funds Under
Management: £134 million Management Style: SkandiaBanken Fonder's investment
Linked to Royal Skandia: 1992 style is based on fundamental investment research with a
focus on risk-adjusted returns. Global trends and macro-
economic data are monitored frequently to form a basis
Management Style: Fund Managers have autonomy to
for overall asset allocation. All equity investments are
invest in their own specialist areas. Focused research into
based on the relevant stock market's expected return in
new stocks and investment areas with asset allocation
the local currency.
decisions agreed by an internal committee.
Royal Skandia Internal Funds Initial Fund Charge Royal Skandia Internal Funds Initial Fund Charge
£/$ Schroder Japanese Equity 1% £/$ Templeton GS Emerging
External Funds Markets 0%
Offshore 0% - 1% £/$ Templeton GS Global Growth 0%
Onshore 1% External Funds
Offshore 0%
Established: 1818
Funds Under Management: £87 billion Established: 1944
Royal Skandia Funds Under Funds Under Management: £145 billion
Management: £7 million Royal Skandia Funds Under
Linked to Royal Skandia: 1994 Management: £1.5 million
Linked to Royal Skandia: 1998
Management Style: Global network of locally based
analysts and research teams. A relatively conservative Management Style: A disciplined yet flexible long term
investment approach; adding value but avoiding approach to value orientated global and international
fashions. investing. Templeton employs bottom up stock selection
approach from a global universe.
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Additional Information
** The negotiated discounts shown are for information only and are correct as at 1 June 1999. They may be subject to
change at any time in the future and so cannot be guaranteed.
Full details of the Royal Skandia bonds are available in the Product Brochures and Policy Terms, which are available from
your professional financial adviser, Royal Skandia’s Head Office, or your nearest Skandia regional office.
Investors should be aware that the value of unit-linked contracts is not guaranteed as the price of units may fall as well as
rise. Where a fund holds investments designated in a different currency to the fund, the value of the fund may rise as well
as fall purely as a result of exchange rate fluctuations.
Past performance is not necessarily a guide to the future.
Certain investment income is subject to a non-reclaimable tax deduction at source in its country of origin.
Royal Skandia cannot guarantee that tax reliefs and the tax treatment of funds will remain the same in the future. The
value of any tax reliefs and the tax treatment of funds will depend on individuals’ financial circumstances.
All information shown on Funds Under Management is that which was available as at 1 March 1999.
Voted International Product Provider of the Year at the International Money Marketing Awards 1998 and 1999.
Royal Skandia Life Assurance Limited (an incorporated company limited by shares) − a member of the Skandia Group of Companies
Registered Office/Head Office: Skandia House, Finch Road, Douglas, Isle of Man, IM99 1NU, British Isles
Telephone +44 (0)1624 611611 Facsimile +44 (0)1624 611715 Telex 626111 Registered Number 24916 Isle of Man
Royal Skandia Web Site: http://www.royalskandia.com
Royal Skandia is a member of the Association of International Life Offices and is regulated by the Personal Investment Authority
The rules and regulations made by the Personal Investment Authority under the Financial Services Act 1986 for the protection of investors may not apply to persons outside the UK
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