Standard Life Investments recorded a 45 per cent increase in total assets under management in 2014 to £245.9bn, which reflects the completion of its acquisition of Ignis Asset Management.
However, the firm revealed third party net inflows, excluding strategic partner life business, of just £1.7bn as it recorded £2.3bn of low revenue margin outflows from two mandates and £2.6bn of outflows from the Ignis Absolute Return Government Bond fund (ARGBF).
In its full year results statement, parent company Standard Life stated the “integration of Ignis [is] progressing well however outflows of £2.6bn from ARGBF will impact revenue in 2015”.
However, the firm noted assets in its MyFolio strategies increased 48 per cent to £5.9bn, while the assets under management in its Global Equity Unconstrained fund passed through the £100m mark.
