The existing range of assets available via the Spanish CIB now has access to a further 36 funds, bringing the total number of funds in the range to 525. Investors will be able to access products from five additional investment companies – J O Hambro, Julius Baer, Distinction, Brown Advisory and the Danish investment firm, Jyske Invest.
The extended range diversifies the investment opportunities available across Europe, emerging markets and the other major asset classes. Investors will also be able to access new asset classes such as Swedish and Danish bonds, as well as Danish equities.
The Spanish CIB was launched in July 2010 and was designed to be tax efficient for investors resident in Spain. It has the flexibility for creating tailor-made portfolios from a wide range of tax-compliant funds. An additional feature is that it remains tax compliant even if the client returns to the UK .
The product is offered through Skandia Life Ireland, the Dublin-based operation of Skandia International.
Phil Oxenham, marketing manager at Skandia International, said although the product provided access to a comprehensive range of assets the investment choices had been further expanded in response to demand from advisers and their clients. “Their feedback indicated a clear preference for specific brands and asset types which they would like to access.”
