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Standard Life secures Sicav agreement in Germany

Standard Life Investments’ entire Luxembourg-domiciled Sicav fund range is now available to German investors through dwpbank platform.

The platform agreement follows similar agreements made by the Company with Frankfurter Fondsbank and Fidelity’s FundsNetwork in Germany.

Sub funds in the Sicav range include the global reit focus fund, the global equity fund, the China equity fund, the Eurozone equity fund, the European corporate bond fund and the European high yield bond fund.

SLI head of of European business development Phil Barker says: “Given that the Abgeltungsteuer – or capital gains tax – comes into force in Germany on 1 January 2009, it’s important that investors are able to access our funds now – as investments made this year will be tax free. dwpbank is the leading fund platform for banks in Germany and its system displays fund lists in every client bank office.”

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