29/06/2007
Double 'AA' For UK Equity Unconstrained
Standard Life Investments' UK Equity Unconstrained Fund today celebrates the news that it has received a prestigious 'AA' rating from Standard & Poor's (S&P). The £271m fund, which was launched in September 2005, has returned 77% to investors since launch versus a sector average of 33.3%1. Furthermore, the fund is currently ranked number one out of 281 funds in the sector2.
The announcement means that 14 of the investment houses' 22 eligible mutual funds are rated 'A' or above by Standard & Poor's.
Claire Marshall, Investment Director - Mutual Funds at Standard Life Investments, said:
"We are delighted to receive this latest award which reflects the skills and expertise of fund manager Wesley McCoy and the award-winning UK equities team3 he works with. The fact that 64% of our mutual fund range are rated by Standard & Poor’s, shows that our investment process is recognised across the breadth of our asset class range. The UK Equity Unconstrained Fund joins our UK Smaller Companies, UK Ethical, UK Equity High Income, UK Equity Growth, Corporate Bond and AAA Income funds which also hold the prestigious AA rating."
Fund manager of the UK Equity Unconstrained Fund, Wesley McCoy, said:
"This is a capital growth fund with no explicit yield requirement, which aims to outperform the IMA UK All Companies peer group. The unconstrained nature of the fund means that it is free to invest across the entire UK stock market irrespective of the size of company, or its index weighting. This means that as a team, we can reflect the purest part of our ideas process within the fund, capitalising on the best ideas from our large, mid and small cap research.
The fund places great emphasis on the large cap winners list which is our best 20 ideas in the market. Around 30% of the fund is currently invested in winners list stocks. We also utilise the expertise of our smaller companies team. This is an exciting fund for us to manage and it is hugely rewarding to know that investors are benefiting from the approach we are taking."
1 Morningstar for the period 28.9.05 - 31.05.07
2 IMA UK All Companies Sector as at 31st May 2007
3 In May 2007, Standard Life Investments won 'Active UK Equity Manager of the Year' at the Pension & Investment Provider Awards (PIPA) 2007.
In April 2007, SLI won the 'Specialist Manager of the Year (UK Equities)' award at the UK Pensions Awards 2007.
In February 2007, SLI scooped 'Best Overall Group Award' in the 'UK Equity Large' category at the Lipper Fund Awards
In October 2006, Standard Life Investments won 'UK Equity Manager of the Year' at the Financial News 'Awards for Excellence in Institutional Asset Management - Europe 2006'.
Standard Life Investments Limited, tel. +44 131 225 2345, a company registered in Scotland (SC 123321) Registered Office 1 George Street Edinburgh EH2 2LL.
The Standard Life Investments group includes Standard Life Investments (Mutual Funds) Limited, SLTM Limited, Standard Life Investments (Corporate Funds) Limited and SL Capital Partners LLP. Standard Life Investments Limited acts as Investment Manager for Standard Life Assurance Limited and Standard Life Pension Funds Limited.
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All companies are authorised and regulated in the UK by the Financial Services Authority.
©2008 Standard Life Investments.
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