Demand drives Standard Life AUM growth during 2012

Standard Life Investments has revealed third-party assets under management was boosted by inflows of £3.2bn during the first nine months of the year in an interim management statement.

It’s third-party business, which accounts for 48 per cent of the total assets under management, saw inflows of £3.2bn, with assets under management rising to £78.8bn from £71.8bn at the start of the year.

According to Standard Life, the risk-based MyFolio range saw inflows of £800m, with assets rising to £1.9bn. Its UK mutual funds saw net inflows of £1.5bn, down slightly on the £1.6bn generated in 2011.

Assets under management across its eight-strong range of absolute return funds has broken through the £19bn mark.

In the interim statement, the asset manager claimed positive demand for mutual funds in the UK and for its Sicav funds in continental Europe.