Global asset manager Standard Life Investments has announced the launch in Europe of its MyFolio multi-manager Sicav funds.
First launched in the UK in 2010 as an OEIC, the MyFolio suite now forms an important part of Standard Life Investments’ UK wholesale business, reaching £10bn (€11.3bn) in assets under management in November 2016.
In this latest development for MyFolio, the multi-manager funds are now available in Germany under a Luxemburg–domiciled Sicav umbrella.
The funds consist of five multi-asset, fund-of-fund portfolios that aim to provide investors with a long-term return in line with their chosen level of risk.
MyFolio is managed by the fund solutions team based in London and supported by the wider multi asset investment capability at Standard Life Investments. Lead managers for the multi manager Sicav portfolios are Joe Wiggins, fund manager and James Millard, investment director.
“MyFolio has been very successful in the UK, helping both advisors and investors to navigate the volatile market environment and regulatory changes we’ve seen over the last five years. The fund range also has a very strong track record in the UK since launch, delivering returns consistent with clients’ chosen risk profiles,” James Millard, investment director at Standard Life Investments’ fund solutions team, said.
“In the current low growth, low return environment, it is the right time to launch the multi manager range in Germany, so that investors can benefit from active management and diversification across 16 different asset classes. The whole of market fund selection is also a rare opportunity for investors to access global investment talent in one simple solution,” Millard said.
“We’ve been active in Germany for over a decade and we are now seeing increased demand from the retail market; advisors, their clients and also retail banks for a cost effective, risk targeted solution that meets a variety of investment objectives,” Frank Richter, head of Sales for Germany at Standard Life Investments, said.