Standard Life Inv UK Smaller Companies

nxdmsandkaskdjaqd

I see that the Standard Life Inv UK Smaller Companies is no longer a top performing fund and has also been dropped from the HL Marketing list.

Is there any reason why has the fund performed poorly over the last 6 months since the start of the down turn?

alexanderalexander

nxdmsandkaskdjaqd wrote: »

I see that the Standard Life Inv UK Smaller Companies is no longer a top performing fund and has also been dropped from the HL Marketing list.

Is there any reason why has the fund performed poorly over the last 6 months since the start of the down turn?

The fund is fine, but it has been "soft closed" due to its increase in size -- see below. This has happened to a few good funds recently, including Aberdeen Emerging Markets.

SLI Global Smaller Company's is Harry Nimmo's replacement fund.

The fund has seen strong inflows of capital in recent years, helped by its excellent performance. Its manager, Harry Nimmo, now feels that it has grown to an optimum size, and that if it grew significantly bigger he would need to alter his investment strategy, which could potentially impede performance. SLI is therefore no longer seeking new investments into the fund.

We view this as a positive move for existing investors. Restricting inflows will allow the manager to keep the fund smaller and more nimble, allowing him to quickly take advantage of opportunities as soon as they arise, and react speedily to market developments.

Performance has been strong in recent years, although this is not a guide to future returns. We have high hopes that Harry Nimmo can deliver long-term outperformance for his investors.

nxdmsandkaskdjaqd

The fund was always in the upper quartile and is now in position 43 out of 58.

Also over the last 6 months the fund is some 6% below the benchmark of small companies.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=STUKSM&univ=U

Is this all due to the Soft Close?

nxdmsandkaskdjaqd

The fund was always in the upper quartile, its now 43 out of 58 smaller company funds.

Also its performance is now 6% below the benchmark over a 6 month period.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=STUKSM&univ=U

Is this all due to the soft close?

alexanderalexander

nxdmsandkaskdjaqd wrote: »

The fund was always in the upper quartile, its now 43 out of 58 smaller company funds.

Also its performance is now 6% below the benchmark over a 6 month period.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=STUKSM&univ=U

Is this all due to the soft close?

The soft-close won't have caused this downturn in the fund's fortunes. It's just that a good fund can have a bad few months, and this fund has an exceptionally good run prior to that.