UK - Swiss Life Asset Management has confirmed a series of mandate wins totalling around £15m. The wins are spread across a range of different consultants in its pooled mix managed fund.
SLAM associate director of marketing David Holloway said: “The strong attraction of our fund is the consistency over the medium to long term. The fund is top quartile in 21 of the last 22 CAPS surveys over rolling three-year periods with an average outperformance of the median of +3.6% per annum.
“This is against a background of large short-term market fluctuations in recent years – a stability factor that has been noticed by a number of consultants and pension schemes alike.”
Holloway added: ”In placing the money with us, our clients have acknowledged that a manager with strong processes showing this degree of consistent outperformance can significantly add to the long-term value of a scheme' s fund.”
Swiss Life’s results also showed a 139pc growth over three years to £211.14m at the end of June 2001– a significant growth from £88.24m at the end of June 1998.
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