GARS fund helps drive SLI net sales up 104%

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...