SLI Global Absolute Return fund shatters £500m mark

With total assets now standing at over £609m, the fund has attracted more than £255m of new investment in 2008 alone. In May, SLI made the product available to UK retail investors and has already attracted more than £40m in retail assets. Additionally, the fund was ranked among the top 50 selling funds on both the Cofunds and FundsNetwork platforms. From its launch in June 2006, SLI’s Global Absolute Return Strategies fund has delivered an annualised return of 7.3% with very low levels of volatility despite turmoil throughout global markets, Standard Life says. The fund is designed to...