For the six-month period ended 30 June 2013, the European investment house disclosed net sales of AU$11.8 billion and a 7 per cent increase in total assets under management (AUM) to AU$296.2 billion.
“Standard Life Investments produced excellent results in H1 2013, delivering record profit, record net sales, record third party AUM and excellent investment performance despite the return of volatility to markets in June,” Keith Skeoch, chief executive officer of Standard Life Investments, said.
“Annualised net flows of over 17 per cent of opening AUM makes us, on this measure, one of the fastest growing global asset managers.”
A large proportion of demand for Standard Life Investments products came from outside the UK, where the firm is headquartered, with 51 per cent, AU$2.3 billion, of net inflows coming from the United States.
Canada and India also generated net inflows for the company of AU$0.5 billion and AU$0.2 billion respectively.
SICAV, or European open-ended mutual funds, also gained net inflows of AU$2.0 billion for the half-year, with the strongest uptake in France, Belgium and Italy.
In terms of the distribution, it was split, with 47 per cent of net flows coming through wholesale and 53 per cent coming from institutional clients.
“I am particularly pleased that our ‘focus on change' philosophy and team-based approach continues to deliver innovative investment solutions and strong long-term investment performance for our ever-increasing number of global clients,” Mr Skeoch said.
