Standard Life Investments GARS fund continues to grow, reaching $13bn


The largest fund on the Absolute UCITS database, Global Absolute Return Strategies Fund, has seen gross sales increase by 75% this year, according to figures from Standard Life Investments.

SLI’s gross wholesale sales in the first half of 2010 were £616 million ($1 billion); in the same period this year gross sales were £1.07 billion ($1.7 billion).

Net sales marginally increased from £513.7 million ($842.2 million) in the first half 2010 to £535.4 million ($877.7 million) in the first half of this year. This left the fund with more than $13 billion in assets under management at the end