MutualFundWire.com: Skandia Adds a Small-Cap

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Wednesday, March 8, 2000

Skandia Adds a Small-Cap

American Skandia added the ASAF Kemper Small-Cap Growth Fund to its American Skandia Advisor Funds family (ASAF), on March 1.

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The fund was originally only listed in the Skandia insurance line-up but Tim Cronin, director of investments and research at Skandia said the firm added the fund to the retail platform because of research team and it manager, Peter Chin, who follows the small cap growth style of investing closely.

The ASAF Kemper Small Cap Growth Fund invests in small-cap companies exhibiting high rates of earnings growth. The fund will invest in companies with $2 billion or less in market capitalization.

The fund currently has over $800 million in assets including money from the insurance product, Cronin said. With the addition of this new fund, ASAF now offers 18 funds, managed by 16 managers.

Cronin said that there will me more changes starting May 1, but would not elaborate. "We are looking at different asset classes."

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