Standard Life breaks £1bn

Gross inflows as of September 30 were £1,210.8m, making 2006 SLI’s strongest year yet, while the net figure of £920m also broke previous fund sales records. SLI said top-selling funds in the range this year were the £716m Select Property, £359m UK Equity High Income, £200m UK Smaller Companies and £259m UK Opportunities. Jacqueline Kerr, head of mutual fund investments at Standard Life Investments, said: “Sales are driven by performance, so the fact that the UK Smaller Companies fund, managed by Harry Nimmo, has joined the five top selling funds for the period shows that investors hav...