Three funds gone from Standard Life lineup

Standard Life Mutual Funds Ltd. no longer offers its Standard Life U.S. Mid Cap Fund, the Standard Life Global Equity Focus Fund and the Standard Life India Equity Focus Fund, the company stated today.

Read: Standard Life reports net income of $48 million for first half of 2013

The funds will be terminated by the end of November.

The funds aren’t available for new investments, including additional purchases by existing customers and through regular investment plans.

Read: Standard Life changes fund lineup

Standard Life is dropping the funds due to the relatively small asset size and the limited number of customers, the company says.

Existing fund holders can redeem or switch their investments to any Standard Life Mutual Funds before the funds are terminated. Standard Life will waive all sales charges and redemption fees in connection with the changes. Also read: How much is that investment?

Staff

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