Standard Life Investments launches UK Equity Recovery Fund

Leading fund manager, Standard Life Investments has announced the launch of a UK Equity Recovery OEIC Fund which is to be managed by David Cumming, Head of UK Equities.

The announcement represents the first opportunity for retail investors to access the expertise of this highly regarded manager. The fund, which is set to take advantage of Standard Life Investments' experience and strong long term track record in managing UK Equity products, is specifically positioned to capitalise on a potential recovery in market sentiment and any improvement in the economic backdrop.

Jacqueline Kerr, Head of Mutual & Life Fund Investments at Standard Life Investments, said; "Given that we are experiencing the worst fall of UK equity markets since 1974, there exists an outstanding opportunity for investors to capitalise on low stock valuations and negative investor sentiment. Since the summer of 2007, equity markets have fallen dramatically and we are keen that clients and investors will benefit from a recovery as and when that happens. Our expectation is that this fund will provide investors, in particular the more sophisticated investor willing to take on a high degree of sector and stock risk, with the opportunity to do exactly that.

"The launch of this fund enables us to extend our UK Equity offering and diversify the range of manager expertise available to the retail market place. From an investor's perspective, it will be of particular interest to those seeking to benefit from any economic and equity market recovery on a medium term view. David Cumming, backed by our award-winning UK Equities team, will adhere to our robust and proven focus on change investment process which is the backbone of everything we do at Standard Life Investments.

"As the name of the fund suggests, weightings in stocks and sectors will be biased towards recovery sectors such as General Industrials, Support Services, General Retailers, Media, Travel and Leisure and Financials. Conversely, it will be under exposed to defensive stocks such as Tobacco, Pharmaceuticals, Utilities and Consumer Staples."