Standard Life is increasing its exposure to the alternative arena with the addition of eight funds to its life and pension platform.
The funds come from five providers and include three recently launched vehicles from specialist investment banking firm Macquarie Bank.
The move is part of a strategic alliance between Standard Life and Macquarie that operates until early 2008, with the Standard remaining the sole provider of Macquarie property, infrastructure and private equity global securities products on an insured basis.
Standard Life head of investment development Graham Dow says: “These additions to our fund range mean we can offer our advisers and their clients even more diversity in our investment options. Effective diversification of an investment portfolio is a big challenge facing investors today. Until now, accessing alternative asset classes has been difficult for all but the biggest institutional investors due to high minimum investment and low liquidity.
Other new funds include Investec global free enterprise and Schroder UK smaller companies, available on both the bond and pension platform.
The JP Morgan growth and UBS targeted return funds are available on the pension side while Standard own property investment vehicle is now on its bonds.