Standard Life Investments (SLI) suffered £1.7bn outflows from the wholesale channel in 2016 as a result of market volatility, with the biggest redemptions coming from the multi-asset proposition, but the wider group's retail inflows remained strong at £3.7bn.
Overall, Standard Life Investments suffered £700m of net outflows in 2016, but strong markets helped its assets under management to rise from £253.2bn to £277.9bn by 31 December 2016. AUM in the wholesale channel increased by 6.6% during the year to £50.1bn, but this was due to market movements as the sector saw outflows of £1.7bn. This compared to net inflows of £9.3bn in 2015. The firm blamed a "challenging environment for mutual funds" for the outflows, saying: "Weaker investor sentiment due to market volatility, the EU referendum result, other political uncertainty and short-term ...
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