SLI reaches £62.2bn AUM record

Standard Life Investments third-party assets under management reached a record level of £62.2bn for the first quarter, up from £56.9bn.

Third-party net inflows doubled to £1.8bn, over the three months to 31 March 2010. The group's asset under management for its Wrap platform grew 22% to £4.4bn, up from the previous quarter's £2.6bn. Meanwhile the number of advisers on the platform has increase by 15% to 671. Net inflows through the group's Wrap, Sigma and Fundzone platforms remains high increased 93% to £316m. Net mutual fund sales, including Sicavs, were up 120% to £400m while net UK institutional sales accounted for over £1bn. Meanwhile, parent Standard Life saw net outflows from its UK retail business in the ...