The asset manager’s third-quarter results show the amount of money ran stood at £78.8bn on 30 Sept, 2012, up 10% from the £71.6bn reported at the end of the previous quarter.
Assets in the MyFolio range have reached £1.9bn following net inflows of £800m over the first nine months of the year. The group recently signed a deal with RBS to offer a range of risk-based funds to its clients.
The company’s GARS range – which includes the £13bn Standard Life Investments Global Absolute Return Strategies Fund – rose to more than £19bn over the three-month period.
Over the quarter, the asset manager witnessed net third-party inflows of £2.6bn during the third quarter. The group added that inflows have been going to higher-margin products, which has increased the overall average revenue yield on its third-party business.
The results also show the group assets under administration of Standard Life stood at £211.9bn at the end of the third quarter, up from £204.2bn at the close of the second.
David Nish, chief executive of Standard Life, said: “Inflows across our long-term savings businesses and strong performance at Standard Life Investments have helped to increase both group assets under administration and Standard Life Investments third-party assets to record levels.”
