Standard Life chosen as Fixed Income preferred provider

Standard Life Investments, the global fund manager, has announced that it has been chosen by Moventum as its preferred provider for Fixed Income in Germany.

It was selected based on its performance track record, strength of IFA support and thought-leadership capabilities.

Moventum is a leading business to business player in Germany, distributing funds primarily to intermediaries. It is part of a prominent banking network in Europe, with Banque de Luxembourg owning a key stake in its business. Last year the majority of Standard Life Investments' Luxembourg-domiciled SICAV fund range became available to key intermediaries in Germany via Moventum's fund platform.

As part of its new ‘Asset Manager Inside' concept, Moventum has created a co-branded Fixed Income microsite with Standard Life Investments. This enables subscribing IFAs to access education on the asset class, insight into asset allocation at different stages of the credit cycle, and information on Standard Life Investments' Fixed Income funds.

Last November, one of Standard Life Investments' key fixed income funds broke through the €1bn barrier in assets under management. The European Corporate Bond Fund SICAV fund has produced top quartile performance over three, five years and since its launch in September 2003. It is above median over one year. It has also outperformed its benchmark, the iBoxx European Corporate Bond Index, over the same time periods.

Toby Rockingham, European Business Development Manager - Strategic Alliances, Standard Life Investments, said: "At present many German retail investors are seeking an improvement in returns but without wishing to take on significant risk. So to be chosen by Moventum as their Fixed Income preferred provider is a timely development for our platform business. Getting on these types of platforms can be relatively straightforward but being selected as a strategic partner is a whole lot harder.

"Germany is the fourth largest investment grade fund market in Europe with €445bn under management. This agreement will help us gain market share for our funds in this important IFA market."

Standard Life Investments' SICAV offering provides investors with access to 18 sub funds across a diverse range of geographies and sectors in both equities and bonds (see notes to editors). The funds have public distribution status in Denmark, Finland, Germany, Ireland, Luxembourg, Norway, Spain, Sweden and the United Kingdom.

For more information on Standard Life Investments' SICAV range, please go to slisicav.com.