Prism adds funds to Skandia platform

Prism Capital Management Limited (Prism) has made its three multi manager funds available on the Skandia Investment Solutions platform as part of an ongoing initiative to make its funds more widely available to the adviser community and their clients.

The funds, which have attracted in excess of £68m since their launch in March 2009, are available with immediate effect. They are:

IFDS Prism Cautious Growth is designed for investors who want a better return than leaving their money in a bank or building society, but are not comfortable with having a large exposure to investments. The Fund’s aim is to produce annual returns which, over the medium to long term, are on average 2.5% higher than NS&I cash ISA rates after fund charges.

IFDS Prism Capital Growth is designed for investors who don’t mind living with a degree of risk in return for the possibility of an enhanced level of return. The Fund’s aim is to produce annual returns which, over the medium to long term, are on average 3.5% higher than NS&I cash ISA rates after fund charges, with a lower level of risk than a fund that is purely equity based.

IFDS Prism Advanced is designed for investors driven by the desire for larger profits and who are less risk sensitive. The Fund’s aim is to produce annual returns which, over the medium to long term, are on average 4.5% higher than NS&I cash ISA rates after fund charges, but at a lower risk to you than a global equity fund.

Prism is a fund management company formed in 2009 as a joint venture between the IFA support services business, Paradigm Partners, and Octopus Investments (Octopus), one of the UK’s fastest growing investment management companies. Working with the team at Octopus, Prism has created a range of funds that aim to deliver the best possible returns within well defined levels of risk.

Anthony Morrow, Director of Prism, said: “Launched a little under 18 months ago the three risk-rated, multi manager funds have proved extremely popular with advisers and their clients, who have invested over £68m in them. With a strong track record starting to emerge under the stewardship of the team at Octopus, we are now looking to make the funds available to a wider range of advisers and Skandia gives us an excellent platform from which to do that.”