Aberdeen proposes multi-manager fund mergers
Aberdeen Asset Management is proposing to merge three equity multi-manager funds into the Aberdeen Multi-Manager equity managed portfolio.
The three funds Aberdeen proposes to merge with the multi-manager equity managed portfolio are the multi-manager UK growth portfolio, the multi-manager international growth portfolio, and the multi-manager emerging markets portfolio.
Aberdeen has also proposed to merge two other funds - the Aberdeen multi-manager UK income portfolio and the multi-manager sterling bond portfolio - with the Aberdeen multi-manager multi-asset distribution portfolio.
Graham Duce, co-head of multi-manager funds at Aberdeen, says: “These proposals are in the best interests of clients and aim to consolidate our multi-manager range and create portfolios of critical mass. We are seeing interest in multi-manager funds with broader investment remits.”