SLI Property fund hits £1bn barrier

Standard Life Investments' (SLI) Select Property fund has broken the £1bn barrier in less than 15 months since its launch on 13 October 2005. The performance of the fund has been very strong, said the group, with the retail accumulation unit price rising 44.2% since launch, against a total return target of CPI +5% pa over a rolling three-year period. Barry MacLennan, investment director - mutual funds & life funds, at the group, said: "Fund inflows remain strong as investors continue to seek property exposure offering diversification on a global scale. "Demand has also been helped by imp...