Standard Life Investments recorded a £758m net inflow into its UK mutual fund range in the third quarter, doubling its net new business for 2010.
The Edinburgh-based asset manager's strong mutual fund sales in the third quarter helped offset strong redemptions from its segregated mandates, with total UK net flows reaching £256m for the three-month period. Over the first nine months of the year, net flows into SLI UK mutual funds were £1.47bn. The group says it continuities to see strong demand for its fixed interest and GARS products in UK and Europe. In addition, RLAM has seen a 65% jump in net new business over the first nine months of the year, to £649.2m. The group says it is seeing considerable interest for its Prope...
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