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Record sales for Standard Investments

Standard Life Investments has recorded its strongest-ever three-month sales period for its mutual fund range, more than double its third-quarter figures for last year.

The firm says inflows for the third quarter this year leapt by 118 per cent to 143.2m, from 65.6m for the period in 2004.

SLI says September’s sales of 63.7m represent the best-ever month’s trading for the company, almost matching the entire sales figures for the third quarter of 2004.

It says its top-selling Oeics were UK equity high income, UK opportunities, higher income, corporate bond and AAA income.

Twelve of the 19 retail funds outperformed their respec- tive peer groups over the last year while eight of the 12 funds turned in top-quartile performances over the same period.

Investment director Jacqueline Kerr says: “We are confident that this strong momentum will continue given the continued development of our product range, as highlighted by the recent launch of our select property fund and the soon to be launched ethical corporate bond fund.”

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