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Advisers content with size of Standard Life GARS offering

Advisers says they are still happy to invest in Standard Life Investments’ Global Absolute Return Strategies offering despite it growing by £4bn in the past six months.

The GARS offering stood at £17bn on 30 June, up from £13bn at the end of last year.

The offering comprises numerous different investment strategies. In addition to the £11.7bn fund, which sits in the Investment Management Association’s absolute return sector, there is also a European retail offering and Europe and UK institutional offerings. There is also a staff pension segregated mandate and a US high-net-worth distribution agreement.

Hargreaves Lansdown head of research Mark Dampier says: “There are around 30 strategies and they are all very liquid so I see no reason to be concerned. The only worry is whether the size of the fund prevents them investing in certain areas.”

Skerritt Consultants head of investments Andy Merricks says: “We were initially against the product but it has continued to perform and it now sits in our conservative portfolio.”

A Standard Life spokesman says it has no concern over the size of the range.

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