For UK insurer Standard Life’s
investment division Standard Life Investments (SLI), 2009 proved to
be a winning one in all respects, including new business and that
all-important ingredient, investment performance.
“Standard Life Investments has
delivered very strong growth in global sales, record third-party
assets under management and increased total assets under management
to over £138bn [$212bn],” said SLI CEO Keith Skeoch. “It is
particularly pleasing that over 80 percent of net sales came from
outside the UK.”
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Highlights of SLI’s performance in
2009 included:
SLI made particularly strong gains
in a number of foreign markets including India, where its net sales
surged from £400m in 2008 to £2bn in 2009.
Similarly, impressive inroads were
made in Canada where sales were up from £52m to £1.5bn.
In November 2009, SLI received the
award for the “Fastest Growing Money Manager over $10bn” at the
2009 Benefits Canada Awards ceremony held in Toronto.
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By GlobalDataIn the institutional sector, which
accounts for 76% of SLI’s third-party assets under management,
European segregated funds net sales were up 28% from £594m to
£759m. SLI reported that over 150 new corporate client
relationships were established in 2009.
From a performance perspective, SLI
also had an excellent year. Of particular note was the performance
of the UK Equity fund range.
Specifically, the UK Equity
Unconstrained Fund ranked in the first percentile, returning 99% to
investors, the UK Equity High Alpha Fund ranked in the second
percentile returning 74% and the UK Opportunities Fund ranked in
the third percentile returning 58%.
Indicative of Standard Life’s
excellent performance, the UK benchmark FTSE All Share Index
produced a total return (including income) of 24.9% in 2009, and in
the US the S&P 500 Index returned 23.6%.
The global equity benchmark the MSCI Global Equity Index
produced a total return of 26.9%.
|
STANDARD LIFE |
||
|
Assets under |
||
|
End-2009 (£bn) |
% change* |
|
|
Region |
||
|
UK |
109.8 |
8.7 |
|
Canada |
16.7 |
27.5 |
|
India |
4.6 |
70.4 |
|
Germany |
4.1 |
17.1 |
|
Ireland |
3.4 |
0 |
|
Other |
0.1 |
0 |
|
Total |
138.7 |
12 |
|
Asset class |
||
|
Equities |
52.1 |
42.7 |
|
Fixed interest |
56.6 |
47.4 |
|
Index linked |
4.1 |
3.5 |
|
Property |
8.5 |
9.7 |
|
Cash and other |
17.4 |
20.5 |
|
Total |
138.7 |
123.8 |
|
*Compared with 2008 Source: Standard |
||
