Finance

UK Smaller Companies Fund rolls through £300m

UK Smaller Companies Fund rolls through £300m

10 April 2007

Leading fund manager Standard Life Investments is celebrating yet another milestone for its UK Smaller Companies Fund as it breaks through the £300m funds under management mark. The fund, which recently celebrated its 10th anniversary, has produced top decile performance over 6 months, 1, 2 and 3 years and has been top quartile over 5, 7 and 10 years1.

Jacqueline Kerr, Head of Mutual Fund Investments at Standard Life Investments, said:

“Our UK Smaller Companies Fund is enjoying an exciting spate of success. In the last year alone, it has returned 27.97% to investors against a sector average of 16.85%1. In addition to this, awards have been in abundance with our ‘AA’ Standard & Poors and Forsyth OBSR rated manager, Harry Nimmo, securing the ‘What Investment’ Unit Trust Manager of the Year Award for 2006. The fund also scooped the ‘Best Performing Smaller Companies Fund Award’ at the PLC Awards 2007 based on its performance during the year to 31st December 2006. And to top all of this, the fund has produced an annualised return of almost 16.46%2 despite three years of bear markets from 2000-2002.”

“The UK Smaller Companies team use rigorous stock selection skills coupled with their use of an advanced stock selection matrix in order to achieve capital growth over the longer term and to focus on the fund’s core aim of producing an investment performance which is consistently above the average fund in the IMA UK Smaller Companies sector for periods up to one year and top quartile for any longer periods. The team focus on change to capitalise on improving situations where they feel that the consensus opinion is wrong and particular emphasis is placed on meeting company management. In essence, the team are seeking to invest in those smaller companies that are successful enough to become the larger companies of the future. I am delighted that this approach has been successful to date and look forward to continued success for Head of Smaller Companies, Harry Nimmo, and his award-winning team.”

1 Standard & Poors Micropal, bid-bid, for the period to 1st April 2007
2 Average annualised return between the periods 1st April 1997 to 1st April 2007

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