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Standard Life Investments extols its diversification

UK fund manager is pulling in increasing amounts of business from overseas, but 70% of third-party money is still UK based

New Standard Life CEO Keith Skeoch said the diversification drive would focus on continued expansion of the investment arm
New Standard Life CEO Keith Skeoch said the diversification drive would focus on continued expansion of the investment arm

Standard Life's asset management arm hailed its growing international diversification as it unveiled a robust set of results on Tuesday, with 70% of its £5.2 billion net inflows in the first half coming from outside the UK, up from just over half a year ago.

The overseas expansion was helped by the 400 new institutional clients brought on board from Ignis Asset Management, which it acquired in 2014, taking total client numbers to 2,371 across 48 countries.

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