Standard Life Investments has announced that its Select Property Fund has grown to £780 mln (€1.15 bn) since it was launched in October last year. This makes it one of the fastest growing retail fund launched in the UK in the last 12 months.
Standard Life Investments has announced that its Select Property Fund has grown to £780 mln (€1.15 bn) since it was launched in October last year. This makes it one of the fastest growing retail fund launched in the UK in the last 12 months.
'We originally forecast target sales of £350 mln for the fund's first year, so I'm naturally delighted that we've managed to more than double that by the time of its first anniversary. This sales growth has been matched by impressive performance since launch,' Barry MacLennan, investment director mutual funds & life funds at Standard Life Investments said.
The performance of the fund has been very strong, with the accumulation units price rising 30.92% in just one year. This is against a total return target of CPI +5% p.a. over a rolling three-year period.
