- Investment Expertise
Launched in 2000, our SICAV offering has now grown to include 21 strategies, investing in a variety of markets across the globe.
- Segregated investments
We offer a full range of segregated services, including specialist equity, bond, real estate, treasury, multi-asset, absolute return and discretionary balanced portfolios.
- Prices & Performance
- Our insight
The House View process provides a consistent macroeconomic framework to analysing global financial markets.
Our Head of Global Strategy, Andrew Milligan, introduces the latest edition of Global Outlook, a summary of our House View.
Standard Life Investments’ Global Strategy team provide regular analysis of the key economic data that has been influencing financial markets.
Our global strategists combine valuable experience, thorough research and analysis to tackle major issues of the moment.
Governance and stewardship is about making sure that companies’ operational processes and policies are robust and responsible.
- How we discharge our stewardship responsibilities
- Our policy for managing conflicts of interests
- How we monitor our investee companies
- Our guidelines for escalating engagement
- Our willingness to act collectively with other investors
- Our policy on voting and voting disclosure
- How we report on stewardship to our clients
We recognise the importance of transparency and accountability when it comes to our stewardship responsibilities. To this end, we have published an annual review of our governance and stewardship activities, which provides an account of how we have fulfilled our responsibilities. Please select the link below to view the 2016 annual review.2016 annual review
- Responsible Investment
We recognise that the management of environmental and social responsibilities is subject to many factors, and take into account the particular circumstances, industries and locations in which the companies operate.
We've produced guidelines on responsible investment to explain how we evaluate the environmental and social policies of the companies in which we are (or might be) an investor.
Weekly Economic Briefing
28 March 2017
Positive base effects from energy price fluctuations over the past year are causing a rise in headline inflation across a range of economies. Once these base effects pass through, will underlying inflation pressures continue to put upward pressure on CPI? With WTI crude now 10% below its late-February high, easing energy base effects will likely cause headline CPI to decline even if oil prices remain at current levels. For global reflation to continue, underlying core inflation would need to pick up from here. In this respect the outlook is mixed. In the US, we think labour market pressures will continue to feed through, pushing core inflation towards target, albeit slowly. Additionally, in the UK the sharp depreciation in sterling will be enough to push up aggregate inflation even once the base effects from energy prices wash out. However, outside the US and UK, core inflation remains well below target in most large economies and we expect this trend to continue over the medium term. In Europe, despite headline inflation slightly above target, core inflation of just 0.9% is showing no signs of near-term upward pressure. Likewise in Japan, declining service prices and inflation expectations will make it difficult for the Bank of Japan (BoJ) to reach its 2% inflation target short of an import price shock or a significant improvement in growth expectations.
With peaking headline inflation and sporadic core inflation across most of DM, will China support continued global reflation? We think it’s unlikely for two reasons. First, although some idiosyncratic factors such as production cuts are pushing up China’s PPI, prices are still mostly a factor of higher global energy prices. In this respect China is not dissimilar from most other EM economies (see Chart 1). As oil prices decline, China’s PPI will also peak. Furthermore, surging producer prices in China have very little spillover into domestic or global consumer prices. Despite spiking PPI, China’s consumer prices have barely budged and export prices are unlikely to be significantly affected. China’s consumer goods prices are more closely aligned with the consumer goods component of PPI, which despite picking up slightly, still remains low at 0.8%. Headline inflation might be higher, but underlying inflationary pressures are still sporadic at best.
The views and conclusions expressed in this communication are for general interest only and should not be taken as investment advice or as an invitation to purchase or sell any specific security.
Any data contained herein which is attributed to a third party ("Third Party Data") is the property of (a) third party supplier(s) (the "Owner") and is licensed for use by Standard Life**. Third Party Data may not be copied or distributed. Third Party Data is provided "as is" and is not warranted to be accurate, complete or timely. To the extent permitted by applicable law, none of the Owner, Standard Life** or any other third party (including any third party involved in providing and/or compiling Third Party Data) shall have any liability for Third Party Data or for any use made of Third Party Data. Past performance is no guarantee of future results. Neither the Owner nor any other third party sponsors, endorses or promotes the fund or product to which Third Party Data relates.
**Standard Life means the relevant member of the Standard Life group, being Standard Life plc together with its subsidiaries, subsidiary undertakings and associated companies (whether direct or indirect) from time to time.