Standard Life Investments will this week celebrate the 1st anniversary of its £38.6-million Dynamic Distribution Fund. The Authorised Unit Trust, which has holdings predominantly in a range of UK equities, bonds and property, has topped the Cautious Managed Fund sector and produced top decile performance since its launch on 14th February 2006.
'AA' rated by Citywire, Jacqueline Kerr is manager of the fund and Head of Mutual Fund Investments at Standard Life Investments. She said; "We are delighted with the success of this fund during its first year in the market. We believe that the competitive edge enjoyed is due primarily to the funds superior structure, which enables both dynamic asset allocation and successful stock selection.
"The fettered fund-of-fund structure allows us to invest in the asset classes in which we already have an excellent track record. Furthermore, the process provides for all the advantages of strategic property exposure essential in the delivery of a truly diversified cautiously managed fund. In addition, the fund is not tied to a static weighting between the main asset classes meaning that we can, for example, increase the equity holdings to exploit expectations of market growth.
"Investors have been attracted to the fund's low risk approach and the fact that it offers access to our expertise across equities, bonds and property under such an actively and dynamically managed structure. In essence, the fund encapsulates all that is good about Standard Life Investments. Investing primarily in rated, top performing Standard Life Investments Funds, it uses the knowledge and expertise of our investment professionals, all of whom adhere to our focus on change processes. This has lead to the excellent performance the fund has enjoyed to date. I have every confidence that the fund will continue to prosper under the management of the talented team at Standard Life Investments."
Source: Standard Life Investments