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Standard Life Investments increases funds under management by 15 per cent

Funds under management at Standard Life Investments increased by 15 per cent in 2003 to £86.5bn at the end of the year.

Worldwide investment sales are slightly down on last year at £3.3bn down from £3.4bn, but UK institutional business was up 23 per cent to £1.5bn while UK mutual fund sales reached £341m, down from £368m in 2002.

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