A track record for delivering long-term positive absolute returns with
lower volatility than a traditional long-term global equity portfolio.
MONTREAL, March 13, 2013 /CNW Telbec/ - Global asset manager Standard
Life Investments and Standard Life Mutual Funds announced today that
they will offer the award-winning Standard Life Investments Global
Absolute Returns Strategies (GARS) Private Pooled Fund to Canadian
investors who qualify as accredited investors. These investors may be
able to benefit from the global expertise of the Standard Life
Investments multi-asset investing team in this area and have the
opportunity to achieve long-term positive absolute returns with lower
volatility than a traditional long-term global equity portfolio.
Roger Renaud, President of Standard Life Investments Inc. in Montreal
said: "The absolute return strategy aims to produce consistent,
positive investment returns in all market conditions while managing
risk levels. What makes GARS truly unique is that it is global and has
access to a wide variety of asset classes in a wide array of markets.
GARS has been highly successful and has provided investors in the U.K.
and worldwide with competitive returns and managed risk. That same
opportunity is now available to Canadian investors who qualify as
Standard Life Investments originally launched GARS in the U.K. in 2006
as an innovative solution for Standard Life Group's own staff pension
plan. The success was compelling enough to capture the attention of
institutional investors in Europe, Asia, Australia, the U.S., and
Canada. GARS is now one of the world's largest absolute return funds,
with more than $30 billion under management.
During the financial crisis of 2008, while global equity markets fell
over 17.4%, the GARS fund in the U.K. fell by only 3.7%. Since the
inception of the fund, it has produced a gross annualized return of
8.6% with a volatility of only 5.9%. Over the same period global
equities, denoted by the MSCI World Index, returned 5.3% per year with
a volatility of 15.4%1.
GARS seeks to deliver consistent, positive returns for investors in all
market conditions. To do so, the 27-strong GARS multi-asset team
invests in a wide variety of assets such as bonds, real estate and
currencies2. They can also use advanced investment strategies that are not always
available to traditional funds, including the use of derivatives to
Euan Munro, Global Head of Multi-Asset Investing and Fixed Income at
Standard Life Investments said: "The volatility of global equity
markets in recent years creates uncertainty among investors about their
ability to maintain the long-term value of their portfolios. GARS
offers accredited investors the opportunity to reduce the volatility of
their portfolios and give the potential of consistent, positive
returns. The Standard Life Investments GARS Private Pooled Fund will
benefit from the knowledge and experience of our multi-asset investment
team, world leaders in absolute return strategies."
Since it was launched in 2006, GARS has won wide recognition in the U.K.
asset management industry, including most recently: the Platinum award
at the U.K. Portfolio Advisor Fund Awards in 2013; the Absolute Return
category at the Investment Week Fund Manager of the Year Awards in
2012; and the Alternative Investment Category at the 100 Club Awards
from Investment Advisor in the U.K, also in 2012.
About Standard Life
Standard Life Investments and Standard Life Mutual Funds Ltd. (SLMF) are
part of Standard Life plc, a leading long-term savings and investment
company headquartered in Scotland and operating internationally.
Standard Life Investments Inc. has been providing investment management
services in Canada since 1973 and manages approximately CDN$33.43 billion of assets. Standard Life Investments Inc. is a subsidiary of
Edinburgh-based Standard Life Investments Limited, a leading asset
manager and part of the Standard Life Group. Standard Life Investments
manages CDN$271.53 billion on behalf of clients worldwide.
SLMF was established in 2000 and offers 51 mutual funds and
fund-of-funds to some 64,000 individual investors in Canada. As at
December 31, 2012, it had $4.6 billion of assets under management.
1 As at December 31, 2012,
Source: Standard Life Investments, net performance from 12/06/2006 to
Portfolio performance is based on the £, institutional pooled pension
2 The Canadian-based fund targets the 6-month Canadian Dealer Offered Rate
(CDOR) as its proxy for cash returns.
* Source: Thomson Datastream, MSCI World (£)
** Source: Standard Life Investments, performance from 01/07/2006 to
3 As at December 31, 2012.
SOURCE: STANDARD LIFE INVESTMENTS INC.
For further information:
Standard Life Investments Inc.
Standard Life Mutual Funds
514-499-7999, ext. 8150