SLI GARS secures €30m Swedish sales via Länsförsäkringar
Standard Life Investments says its distribution partnership with Swedish customer owned banking and insurance group Länsförsäkringar has resulted in sales of more than €30m for its Global Absolute Return Strategies (GARS) fund in the past five months.
GARS is offered to customers across Sweden via the distribution deal.
Gunilla Karlsson, CEO for Länsförsäkringar’s unit linked business, said: “I’m very happy with our co-operation with Standard Life Investments so far. GARS is an excellent addition to our fund offering, and allows retail investors to access this unique strategy which is an ideal investment solution for these uncertain times.”
Åsa Norrie, Standard Life Investments joint head of European Business and head of Nordic Region, said: “Länsförsäkringar has been hugely supportive with the roll out of GARS to their customers in Sweden. In a volatile world, the benefits of GARS are definitely resonating with investors, offering them reduced risk, more stable returns, along with transparency and liquidity. It’s excellent that our partnership with Länsförsäkringar has allowed us to widen this investment opportunity to retail customers across Sweden.”
GARs was launched as a UK institutional fund in 2006, and as a Sicav in 2011, investing in a broad range of investment opportunities, covering both traditional and non-traditional asset.