28th August 2014
Standard Life buys Ignis Asset Management as integration of the two begins
Standard Life completed its deal to buy Ignis Asset Management on 1st July 2014, and the process of integrating the two businesses has now begun.
The management of all Ignis equity funds has now been handed to Standard Life Investment's team of 60 global investment professionals. The wider integration process is expected to take between 18 months and two years and there is, as yet, no change to the Ignis property team.
Darius McDermott, managing director of FundCalibre, commented: Standard Life has a very strong equity team so investors shouldn't worry unduly. The transition will obviously take some time to settle down, but, in the meantime, we rate the Ignis funds a generic 'hold'. The one stand-out Ignis fund, in my view, was the European Smaller Companies fund and it's a shame that the manager, Ian Ormiston, was not retained by Standard Life.”
Details of each fund and the new manager are listed below.
No Ignis funds are Elite Rated.
Standard Life Investments has three Elite Rated funds:
Standard Life Investments Emerging Market Debt
Standard Life Investments UK Equity Income Unconstrained
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