View more on these topics

Standard global absolute fund storms to the top

Standard Life Investments global absolute return strategies has become the UK’s best-selling fund, with net sales in the first half of this year more than double those of any other fund.

Net sales on the fund were £1.7bn compared with the second-placed fund, Newton real return, which took £857m, according to Lipper. The Standard fund saw a net retail inflow of £571m, helping it to break through £4.5bn under management this month.

The surge comes after nationwide roadshows attended by 600 IFAs. Many feel the global, multi-asset fund has replaced BlackRock’s equity-based UK absolute alpha fund, which has delivered losses in recent months, as the default absolute return product.

Whitechurch Securities senior analyst Ben Seager-Scott says: “It is now definitely one of our core holdings. It has performed well in terms of returns and volatility. The BlackRock fund is still a good fund but it could face a tougher time when equity markets are being emotionally driven and performing less predictably.”

Chelsea Financial Services managing director Darius McDermott says: “We do like it. Without any promotion by us, we have seen decent inflows into it.”

The Standard Life fund gained 6.18 per cent in the first half and 16.5 per cent over the past year.


A question of charges and rebates

Alliance Trust Savings says Sipp firms that rebate commission can save investors thousands. Annie Shaw gets industry reaction to the figures


Out of Context

“Don’t worry about it, it’s nice to have a distraction.”Burrows & Cummins partner Billy Burrows is pleased for a bit of pension chat when an MM hack calls him during his holiday on a beach in Cornwall. “I’m 60, I just want to go up to the rugby club and have a pint.”UKIP MEP for […]

Actuaries find 40% of big firms could level down

The Association of Consulting Actuaries has warned there is still a significant threat of employers levelling down existing pension arrangements due to auto-enrolment despite the Department for Work & Pensions recently releasing research downplaying this risk. Last month, the DWP released survey results showing that 94 per cent of employers contri-buting at least 3 per […]


Stockton says broker share of Lloyds’ lending could slump

Lloyds Banking Group’s outgoing sales director of mortgages Nigel Stockton believes the share of lending the bank puts through intermediaries may fall by nearly a third over the coming years. He predicts Lloyds’ lending through brokers could fall to around 50 per cent of its overall lending figures from the present figure which is reckoned […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment