Standard Life adds BlackRock to insured funds

by Gill Montia

Story link: Standard Life adds BlackRock to insured funds

Standard Life has announced that it has added BlackRock’s UK Absolute Alpha fund to its insured product range.

The fund, which is specially designed to give investors a positive absolute return in all market conditions, has been available from 5th August within the FundsNetwork Investment Bond.

Managed by Mark Lyttleton and with £1,301.4 million in assets under management, UK Absolute Alpha Life combines four investment strategies: traditional long investing; short investing utilising short derivative strategies in the expectation that positions may be purchased at a lower price in the future; pair trades (a combination of long and short derivative investments; and the ability to move up to 100% of the portfolio into cash if the market environment dictates.

Standard Life is confident that the fund will prove attractive in the current economic environment.

It will sit alongside the assurer’s range of absolute return funds which include Standard Life’s Global Absolute Return Strategies fund and additional funds from Insight Investment, Newton and JP Morgan.