Standard Life says group assets up 2.1 percent in first quarter
LONDON (Reuters) - Insurer and asset manager Standard Life (SL.L) said on Monday that total assets under administration rose 2.1 percent to 314 billion pounds during the quarter to end-March, boosted by market and currency moves.
Net inflows into the firm's various products from institutional clients were 1.5 billion pounds, while retail inflows were 1.1 billion pounds, it said in a statement.
Market movements and currency moves added most to the firm's AuA, it said, rising 5.7 billion pounds.
The firm said it had seen particularly strong demand for its multi-asset products, where net inflows were 1 billion. Assets under management at its fund arm were 258.6 billion pounds.
(Reporting by Simon Jessop)