swip in dog house as fum

Scottish Widows Investment Partnership saw funds under management fall in the year to 31 December, despite inflows of from mandates previously managed by Invista Real Estate.

swip in dog house as fum


Internal FUM fell from £118.2bn at the end of 2010 to £116.8bn at the end of 2011, while internal FUM fell from £28bn to £23.1bn in the same time period.

The wind down of the Invista Real Estate business saw the inflow of £2.4bn of funds into SWIP, but this was not enough to bump up total inflows to the same level as last year.

Inflows into SWIP totalled £12.7bn, versus £17.6bn in 2010, even as outflows fell from £24bn a year earlier to £19.9bn this year.

Earlier this week SWIP topped the Bestinvest list of fund houses with most dog fund assets under management.

The bi-annual report said SWIP had £2.8bn in dog funds, trumping M&G, Schroders, Standard Life and St James’ Place, which made up the rest of the top five.



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