Asset Management

Standard Life carries on dancing with the GARS

CEO defends reliance on flagship multi-asset product as the group reports resilient new business figures in choppy markets

Skeoch robustly rebuffed questions from analysts on Gars' capacity
Skeoch robustly rebuffed questions from analysts on Gars' capacity

Keith Skeoch, the chief executive of Standard Life, has robustly defended his company's dependence on its investment division's market-leading multi-asset fund, GARS, as the group reported resilient new business figures despite choppy market conditions.

Standard Life Investments reported net inflows of £2.4 billion between the end of June and September, taking its 2015-to-date figure to £5.8 billion. Flows have been particularly strong into its Global Absolute Return Strategies, or GARS, fund and its related suite of multi-asset products.

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