Standard Life Investments has received public distribution status from the CNMV in Spain for ten funds, from its Luxembourg-domiciled SICAV fund range. The move allows Spanish investors access to a wide range of Standard Life Investments' funds across varying risk profiles, including European investment grade Corporate Bond and Unconstrained Equity funds.
Northern Trust Global Investments, the asset management arm of Northern Trust, has launched a new index fund, the Euro Government Inflation-linked Bond Fund. The aim of the fund is to provide institutional investors with a means to hedge inflation without taking on credit risk associated with exposure to lower rated countries.
Aviva has announced that it is introducing more post code bands for annuities from December 2009. The changes mean Aviva can more accurately provide annuity income to reflect life expectancy. Meanwhile, Canada Life has just launched its postcode annuity pricing, and has also announced an extension to their enhanced annuity product.
Vanguard has launched the Vanguard Global Small-Cap Index Fund, a new equity index portfolio. The fund aims to track the performance of the MSCI World Small Cap Index, which includes companies with a market capitalisation between €190million and €2.1bn across developed markets.
The Board of TU Fund Managers Ltd has chosen SWIP to manage its key flagship funds, the TU British and TU European Unit Trusts. Following a tender process, SWIP's bottom-up research-driven investment approach and track-record in managing UK and European equities were significant factors in its appointment.
Skandia Investment Group (SIG) has appointed Investec Asset Management to manage a £170million UK equity mandate. Previously managed by UBS, the mandate will be managed by Alastair Mundy and his UK Contrarian Team, and will be used across a range of SIG's funds. Investec's investment team focuses on out of favour stocks, and its consistent investment approach capitalises on irrational behaviour in the investment cycle, identifying companies that have the ability to recover over the medium to long-term.









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