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Skandia Will Open Ten Funds in Ireland

Skandia Savings and Life Assurance Company of Stockholm has opened ten new funds in its own variable capital investment company, Multi-Link Global Funds plc of Dublin, Ireland, according to Skandia. The funds will be managed by external investment advisers.

Multi-Link Global Funds will start out with $1.1 billion in assets under management. Various Skandia companies in Europe, South America and Asia will be able to offer the new funds, according to Skandia.