Standard Life Investments to merge 11 ex-Ignis funds

Standard Life Investments has confirmed it is to merge almost all the retail funds it took over last year after the acquisition of Ignis Asset Management.

As of 23 October, 11 Ignis funds will be merged into Standard Life Investment’s counterparts including the £258m Corporate Bond, £178m Managed Portfolio, £121m Balanced Growth, £108m American Growth and the £113m UK Equity Income funds. The mergers are subject to shareholder approval.

Only the £535m Ignis Absolute Return Government Bond fund will not be part of the merger because it is “very different from any other of SLI’s funds”, a company spokesperson said. The fund will continue to be run separately within the company’s multi-asset team.

SLI has not yet decided how the funds’ management will be split across the teams but said trading in the new SLI funds would resume on 26 October.

The integration of the Ignis funds had been overseen by former chief investment officer of Ignis, Chris Fellingham, who stepped down from the firm in August. 

SLI acquired Ignis Asset Management for £390m in March 2014 boosting the firm’s assets in the first half of the year to more than £5bn. 

Ex-Ignis Fund

Funds Absorbing Ex-Ignis Portfolios

SLI Ignis American Growth fund

SLI American Equity Unconstrained fund

SLI Ignis Balanced Growth fund

SLI UK Equity High Alpha fund

SLI Ignis Corporate Bond fund

SLI Corporate Bond fund

SLI Ignis European Growth fund

SLI European Equity Growth fund

SLI Ignis European Smaller Companies fund

SLI Europe ex UK Smaller Companies fund

SLI Ignis Global Growth fund

SLI Global Equity Unconstrained fund

SLI Ignis High Income Bond fund

SLI Higher Income fund

SLI Ignis Managed Portfolio fund

SLI MyFolio Managed IV fund

SLI Ignis Pacific Growth fund

SLI Asian Pacific Growth fund

SLI Ignis Smaller Companies fund

SLI UK Smaller Companies fund

SLI Ignis UK Equity Income fund

SLI UK Equity High Income fund