Demand for Standard Life Investments' popular risk-based MyFolio fund range has helped the business grow assets under management to almost £80bn, the company said today.
Investors appear to be returning to risk assets after net retail sales of equities outstripped fixed income funds for the first time in a year, according to the latest figures from the Investment Management Association (IMA).
Jupiter Fund Management reported a £1.6bn increase in assets under management for the third quarter, supported by flows into more cautious funds such as Merlin Income, Strategic Bond and Global Convertibles.
A new paper, 'Buffett's Alpha', claims to have identified the main factors that have driven Warren Buffett's extraordinary record in investment.