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Standard Life’s MyFolio range hits £1bn
Standard Life Investments’ (SLI) risk-rated MyFolio range of funds run by Bambos Hambi has hit £1bn in assets under management.
The range includes two new MyFolio ranges that have five risk-rated funds launched last month, in addition to the existing suite of 15 which were launched in October 2010 as part of SLI’s multi-manager offering.
Mr Hambi, head of fund of funds management at SLI, said: “We always knew that the MyFolio fund range had something special to offer clients and advisers, but I’m especially pleased that we’ve hit the one billion threshold so soon. Even in such a volatile market, the funds are delivering on what they set out to do.
