Standard Life Investments more than doubled its UK mutual fund net inflows in the first half, achieving net sales of £713m over the six-month period.
The group saw £1.46bn of gross sales into its mutual fund range over the first six months of the year, with £744m of redemptions. The majority of the inflows surprisingly came in the second quarter, despite the difficult market conditions, with the firm posting net inflows of £490m.
SLI's strong mutual fund sales contributed to a £4.75bn net inflow for third party assets, a 53% rise over the corresponding period last year.
The group says its Global Absolute Return Strategies (GARS) fund continues to be popular with both retail and institutional investors, attracting over £4bn since launch in 2006.
SLI's parent company Standard Life plc posted a 10% rise in IFRS before tax operating profit from continuing operations, to £182m.
Standard Life has proposed an interim dividend of 4.35p per share, up from 4.15p in 2009, an increase of 4.8%.
The Group says it continue to apply its existing dividend policy taking account of market conditions and financial performance.
