Deserved 'A' for Dynamic Distribution Fund

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Standard Life Investments, the global fund manager, today announced that its Dynamic Distribution Fund is celebrating its fifth anniversary with news that it has retained an A-rating from Standard & Poor's. Launched on 14th February 2006, the £246m¹Fund has produced top decile performance over one and two years, and is above median over three and five years.²

Managed by Jacqueline Kerr, Head of UK Wholesale, the Dynamic Distribution Fund aims to provide long term growth from a combination of income and capital growth by investing in a range of collective investment schemes managed or operated within the Standard Life Investments group. By investing in this way, the 'Fund of Funds' aims to achieve exposure to a diversified portfolio of predominantly Sterling denominated assets. These assets can include equities, bonds, property, cash deposits and money market instruments. The Fund is designed to offer a solution for clients with a cautious to moderate risk profile.

Jacqueline Kerr, Manager of the Dynamic Distribution Fund, Standard Life Investments, said:

"By investing in areas where Standard Life Investments has proven capabilities, the Fund offers dynamic asset allocation and provides investors with access to some of our most experienced fund managers and their highly respected funds. This structure has created the environment for much of the Fund's outperformance in recent years. Our 'Focus on Change' philosophy has meant that these funds have been well positioned to take advantage of the investment opportunities inherent in the market turbulence of recent years.

"We are positive on sustained corporate profits growth, despite a muted economic upturn in the developed economies. Financial markets will have to navigate rapidly changing expectations of the macro backdrop over time as political, fiscal and regulatory headwinds impact.

"The Fund continues to favour sustainable yield in the current environment, from sources including corporate bonds, commercial property and equity income. We do not favour low-yielding assets such as cash."

"We are positive on sustained corporate profits growth, despite a muted economic upturn in the developed economies. Financial markets will have to navigate rapidly changing expectations of the macro backdrop over time as political, fiscal and regulatory headwinds impact.

1. Source: Standard Life Investments, as at 14.02.2011
2. Source: Morningstar Workstation, bid-to-bid all periods to 14 February 2011.

News Source : Deserved 'A' for Dynamic Distribution Fund