Standard Life Investments (SLI) has received public distribution status from the Spanish authority for 10 funds from its Luxembourg-domiciled Sicav fund range.
The funds that have gone on sale include a European investment grade corporate bond product, a European smaller companies portfolio and unconstrained equity funds.
SLI regional head of Southern Europe William Pawson said the firm is serious about expanding into the Iberian region and believes SLI’s entrance to the market comes at an opportune time.
“Given where we are in the investment cycle, our European Corporate Bond Fund and Global Inflation-Linked Fund should be of particular interest,” he said.
“With credit spreads at current levels, corporate bonds remain attractive both in income and value terms.
“In addition, as the economic recovery gathers pace, many investors are anxious about the future path of inflation. Now may be a good time for investors to protect their portfolios against inflation.”
Pawson said although having chosen to register only 10 of 18 of the sub-funds from its Sicav range, he hoped the focused approach would ensure it introduced only those funds suitable for the Spanish market.
“This move complements our overall strategy of increasing European wholesale activities, a channel where we have been increasingly successful in areas such as Germany, Benelux and the Nordic regions,” added Pawson.
The funds already have distribution status in Denmark, Finland, Germany, Hong Kong, Ireland, Luxembourg, Norway, Sweden and the UK.
