Standard Life Investments' net sales increased by 104% to £1.45bn over the first half, as inflows into the group's flagship GARS fund topped £1bn.
The group also saw strong inflows into Harry Nimmo's UK Smaller Companies fund and Ed Legget's UK Equity Unconstrained fund, driving the group to beat last year's first half sales figure of £713m. Jacqueline Kerr, the head of UK wholesale, said GARS has benefitted from the recent market turmoil, with investors buying into the product to shelter against volatility. "Standard Life Investments' UK wholesale business has increased its sales momentum during the first six months of this year, not only doubling net sales but also growing our retail gross market share from 2.5% to 4.1%," said...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes