Standard Life Investments'(SLI) third party net flows were £3.5bn for the first nine months of 2011 as sales into funds including the GARS range remained buoyant.
Third party fee business AUM, excluding the Global Liquidity Funds transferred earlier in the year to Deutsche Asset Management, increased from £67.7bn to £69.1bn. The increase was driven by net inflows of £3.5bn (2010: £4.9bn), which represented an annualised 7% of opening third party AUM, partly offset by negative market movements. GARS has now achieved AUM of over £11.5bn and SLI said it continued to see demand in UK and Europe as investors increasingly seek investment solutions that help reduce volatility within their portfolios. SICAV sales, predominately in mainland Europe, a...
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