SLI Recovery surges 56% since March launch

Standard Life Investment's David Cumming admits the timing of the group's recent UK Equity Recovery ...

Standard Life Investment's David Cumming admits the timing of the group's recent UK Equity Recovery launch has proven to be almost perfect, with the new fund up over 56% in just three months. Unveiled on 6 March, SLI's UK Equity Recovery vehicle has strongly outperformed its peers and the market during the recent bull run, after launching on almost the exact point of the FTSE All Share's six-year low. After nearly three months to 4 June, the fund climbed 56.34%, well above the average return of 24.95% for the IMA UK All Companies sector and the 26.8% advance for the FTSE All Share over ...