Record Q3 fund sales at Standard Life

Standard Life Investments has reported record Q3 mutual fund sales since the launch of the company i...

Standard Life Investments has reported record Q3 mutual fund sales since the launch of the company in 1998. Gross inflows were up 56% at £510m compared to £328m on the same period last year. Net inflows also reached their highest levels for the period, rising 22% from £236m in Q3 2006 to £288m in Q3 2007. According to Standard, top selling OEICs in the third quarter of 2007 were the Select Property, UK Equity High Income, Dynamic Distribution, Higher Income and UK Smaller Companies funds. The top selling funds for the same period last year were the Select Property, UK Equity High Inco...