On 31^st May 2016, it was announced that the lead manager of the Standard Life Investments Higher Income fund and Head of European High Yield, David Ennett, is leaving Standard Life Investments.  As a result of this news, we have removed the fund from The Adviser Centre’s Recommended list.

Fraser Duff, an investment director in the Global Credit team, will replace Mr Ennett as lead manager of the fund.  Mr Duff has 13 years of investment experience and has been employed at Standard Life Investments for five years in the European high yield area.  He has worked with Mr Ennett since 2012.  From a credit research point of view, he covers the chemical and pharmaceuticals sectors.

The Global Credit team at Standard Life Investments is well resourced but we believe it is prudent to remove the fund’s Recommended endorsement at this time.

We will be composing a “Guidance” piece which will feature on The Adviser Centre in the coming days.