Sli Reports 282 Per Cent Rise in Unit Trust Sales

The ScotsmanMay 06, 2006

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Summary


STANDARD Life Investments yesterday revealed a massive increase in gross sales of unit trusts and open-ended investment companies in the first quarter of 2006 as investors poured back into the markets.

Sales shot up to GBP 420 million for the three-month period of the year compared to GBP 110m in the same period last year - a rise of 282 per cent. The industry average increase was 63 per cent.

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Extract


Sli Reports 282 Per Cent Rise in Unit Trust Sales

SLI's head of retail sales, Phil Barker, said the figures were "encouraging" but the Edinburgh fund mana...

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