SLI GARS sees Q4 turnaround after two negative quarters

Helped by European and Japanese equities

Standard Life Investments' GARS fund has returned to positive territory after two quarters of underperformance.

In a quarterly update for investors, manager Adam Rudd, who sits in the multi-asset team alongside lead manager Guy Stern (pictured), said the fund returned 1.9% over the fourth quarter of 2015.  The return to outperformance will be good news for investors after the £26bn fund lost money in both the second and third quarter. The fund fell 1.5% in Q2, its first quarterly loss for two years, and then a further 1.7% in Q3 due to the slowdown in China, a sharp fall in commodities and the failure of the Federal Reserve to raise interest rates in September. However, in the last quarter o...