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Standard Life Investments Launches SICAV Fund Range

Arti Mehta Reporter 17 January 2017

Standard Life Investments Launches SICAV Fund Range

The risk-based portfolios offer investors a choice of investment strategies across five risk levels.

Standard Life Investments has launched its MyFolio Multi-Manager SICAV fund range.

The MyFolio suite was first launched in the UK in 2010 as an open-ended investment company and has been one of the firm’s fastest growing fund ranges, reaching £10 billion ($12.1 billion) in assets under management in November 2016, Standard Life Investments said in a statement.

MyFolio’s latest development makes the multi-manager funds available in Germany under a Luxemburg–domiciled SICAV umbrella.

The funds consist of five multi-asset, fund-of-fund portfolios that aim to provide investors with a long-term return in line with their chosen level of risk. According to Standard Life Investments, the funds are modelled on the suite's original capability of helping advisors and clients respond to the changing market and regulatory environment in the UK.

MyFolio is managed by the firm's 12-strong fund solutions team based in London.

“In the current low growth, low return environment, it is the right time to launch the multi-manager range in Germany, so that investors can benefit from active management and diversification across 16 different asset classes,” said James Millard, investment director of fund solutions at Standard Life Investments.

“We’ve been active in Germany for over a decade and we are now seeing increased demand from the retail market,” added Frank Richter, head of sales for Germany.

SICAV is an acronym for “société d'investissement à capital variable”, translated from French as “investment company with variable capital”, and is a type of open-ended investment fund. The MyFolio Multi Manager SICAV is registered and available in Germany and Luxembourg.

Standard Life Investments had assets under management of £269 billion as of 30 June 2016.

AXA Investment Managers recently launched a robotics-focused SICAV fund that is registered for distribution across Europe. Read more here.

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