According to the company, the bumper result also contained the second highest net retail sales among all fund management groups in the UK during Q2 2011.
Gross sales were up 90% to £2,766m from £1,457m in 2010.
The top-five grossing funds for the manager were the Global Absolute Return Strategies (GARS), UK Smaller Companies, Global Index-Linked Bond, MyFolio Managed III, and the UK Equity Unconstrained funds.
Standard Life Investments’ head of UK wholesale, Jacqueline Kerr, said the company’s GARS fund continued to lead the way by generating strong net inflows and that the recent market turmoil had reminded investors of the importance of seeking more reliable returns with less volatility.
“One of the key differences from this period last year has been the success of MyFolio funds and the contribution it has made to net inflows. From a standing start MyFolio Managed III has become one of our top-selling funds,” Kerr said. “This is testament to the fact that there’s significant consumer appetite for risk-rated funds which meet clients’ performance objectives. As we move into a post RDR-world this appetite will only grow.”
