GARS fund set for Sweden
Standard Life Investments has teamed up with Swedish banking group Länsförsäkringar to distribute its award-winning GARS fund to investors in Sweden.
The fund will be available to the Swedish retail marketplace through Länsförsäkringar’s unit linked platform. Länsförsäkringar is Sweden’s only customer-owned and locally based banking and insurance group.
The GARS distribution deal follows an agreement with the bank in 2009 to manage a €230m European Corporate Bond portfolio.
Åsa Norrie, joint head of European business and head of Nordic Region for SLI said the deal was reached after a rigorous selection process. “It demonstrates the strength and reputation of our multi-asset investment capability in Europe and we look forward to helping Länsförsäkringar roll out GARS across Sweden.”
Annelie Enquist, head of manager selection for Länsförsäkringar said the group’s evaluation process focuses on the manager’s ability to deliver performance. “We are now pleased to appoint Standard Life Investments for a global absolute return fund that satisfies our criteria.”
Launched as a UK Institutional Fund in 2006 and as a SICAV in 2011, the GARS fund aims to offer customers long term equity-like returns but with lower levels of volatility.
GARS invests in a broad range of investment opportunities, covering both traditional and advanced asset classes.