The company’s total UK Institutional sales have generated record net inflows of GBP3.9 billion, an increase of 18% on 2006. The overseas sales continued to grow with particularly strong increases in Canada, where new sales reached GBP521 million, and Europe with new sales of GBP27 million – up six fold on the 2006 figure of GBP4.5 million.
Despite a sharp slow down in the fourth quarter Standard Life Investments’ mutual funds range has reported net inflows from UK retail customers of GBP1.5 billion during 2007, up from GBP1.3 billion for the same period in 2006.