Standard Life Investments’ (SLI) U.K. mutual fund range increased its gross sales by 150% to £1.47 billion in the first quarter of 2011, Financial Times reports. The mutual fund range currently has over £10.4 billion in assets under management, while the total assets under management are £157 billion, adds Fundamentals.
The net sales increased by 260% to £808 million, as compared to £223 million in the first quarter of 2010. The Global Absolute Return Strategies fund, the U.K. Smaller Companies fund, the Global Index Linked Bond fund, the MyFolio Managed III fund and the U.K. Equity Unconstrained fund were the top grossing funds.
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