GARS suffers second consecutive negative quarter in 'challenging' Q3

Position in global miners weighs on returns

Laura Dew
clock •

Standard Life Investments'(SLI) £26bn GARS fund fell 1.7% in the third quarter, as performance detractors included exposure to global miners.

This is the fund's second consecutive quarter of negative returns, after losing 1.5% in Q2; its first quarterly loss in two years.  Multi-asset investment director Roger Sadewsky described the third quarter as "challenging" due to the slowdown in China, a sharp fall in commodities and the failure of the Fed to raise interest rates. Positive returns came from strategies such as US large cap versus US small cap equity, US relative interest rates and Australian short term interest rates. GARS exits Brazil but fails to stem recent underperformance However, negative contributors incl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Fifty years after 'Bogle's Folly', what comes next for financial advice?

Fifty years after 'Bogle's Folly', what comes next for financial advice?

'Indexing will continue to grow, but the wrapper through which investors access it will change'

Gillian Hepburn
clock 12 October 2026 • 4 min read
Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read
Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read