Standard Life Investments

Press Release

UK Equity Income Unconstrained Flying High

30  January  2015

Global fund manager, Standard Life Investments' today announces that since 2009, the UK Equity Income Unconstrained Fund has returned 187.2% compared with 102% for the IMA UK Equity Income Sector Average, placing it in the fifth percentile of its peer group*.

Ideal for investors seeking an attractive level of income, alongside the potential for capital growth over the long term, the Fund seeks to deliver a yield of 110% of the FTSE All-Share yield on a rolling three-year period. Its unconstrained mandate allows for a broad investable universe beyond the income-generating stalwarts found in more traditional UK equity income funds.

Since 2009, the Fund has been successfully managed by Thomas Moore, an Investment Director within Standard Life Investments' 18 strong UK Equities Team who collectively manage over £20bn of assets. The Fund has been a top performer in the IMA UK Equity Income Sector – with a top-decile ranking over 1, 2, 3, 4 and 5-year time periods**. Thomas said;

Thomas Moore
<>"We are likely to see increased dispersion between sectors in 2015. For example, the collapse in the oil price will benefit consumer-facing sectors while penalising the oil majors. This environment will require investment managers to understand the risks that they are taking across their portfolios and to remain flexible enough to focus on the areas of greatest opportunity, while avoiding over-valued areas of the market at risk of deterioration.

<>"Over the last six years, our Unconstrained approach has rewarded investors with very strong risk-adjusted returns. The team uses Standard Life Investments' Focus on Change philosophy, which is highly disciplined, research-intensive and risk-aware. The scale of our global resource underpins consistent stock selection, portfolio construction and risk management, all of which provides the platform for us to continue to deliver for investors across different market conditions."

*Source: Morningstar Direct, 1/1/2009 to 31/12/2014 (retail accumulation units, net of fees)
** Source: Morningstar Direct, to 31/12/2014 (retail accumulation units, net of fees)