Standard Life Investments (SLI) has handed its tracker fund range to passive investment house Vanguard Asset Management as it looks to focus on its active fund offering.
Vanguard will take on the running of all six OEIC tracker sub-funds from June as SLI exits the passive investment market. The funds in the range are the SLI European Equity; Japanese; Overseas Bond; Pacific Basin; UK Gilt; and US Equity Index Trackers. Third party investors in the funds will have the option to switch for free into an alternative SLI fund, or to have their cash returned. The group said: “Standard Life Investments has taken the decision to close six of its OEIC Tracker sub funds. In addition to this, we will cease to manage Standard Life’s Insurance Unit Linked UK Equit...
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