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Institutional gains soothe wholesale pains at Standard Life

Fund management arm of UK insurer cites country's Brexit vote among the factors to spook investors in the first half

Institutional gains soothe wholesale pains at Standard Life
Photo: iStockPhoto

Standard Life Investments saw a net £400 million pulled from its funds by wholesale clients over a tricky first six months of 2016, but new money from institutional investors helped ease the pain.

In a first-half earnings report published on August 9, the UK's vote to leave the European Union was cited as one of the reasons why investors were spooked over the period.

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