Standard Life to rename and relaunch Growth & Income fund

Standard Life Investments is to relaunch its Growth & Income fund under the name UK Equity High Alpha...

Standard Life Investments is to relaunch its Growth & Income fund under the name UK Equity High Alpha. The fund will be renamed on 15 October. Edward Legget, who has run the fund since launch in 2006, will continue to manage it under its new banner. Legget said: "The mandate of this fund is to invest across the FTSE All-Share investment universe, and this allows us to use the UK equity team process to identify opportunities wherever they appear in the market. "Over the last few weeks, for example, the fund has used the uncertaintysurrounding the credit markets as an opportunity to incre...