Skandia brought its first product to the Australian market today, the company announced. Australian Skandia, a subsidiary established by Skandia in June 2000, launched Skandia Global Investment Solutions, an investment product that will seek to offer Australian investors greater global investment options, according to the company.

"This is the first of many investment solutions Australian Skandia is introducing," said Ross Laidlaw, managing director of Australian Skandia. "As a member of the global Skandia group, with operations in over 20 countries, we are able to pick up on worldwide trends faster than local competitors. Being part of a globally focused long-term savings company also gives us access to global buying power, global fund structures, global research capabilities and leading-edge technology."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.