Aberdeen Asset Management eyes ETF launch

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Aberdeen Asset Management is eyeing a move into the ETF space – a departure for the actively-focused manager.

A spokesperson for the asset manager told the Financial Times it was “looking at” launching into the ETF market.

Aberdeen has been hit recently by outflows and negative investor sentiment on the emerging markets, where it specialises.

The manager has made a number of acquisitions to broaden the scope of its offering.

In September last year Aberdeen acquired London-based investment manager Advanced Emerging Capital for an undisclosed sum, while earlier that month it struck a deal to acquire platform Parmenion Capital Partners.

Aberdeen was also rumoured to be one of three bidders for bond fund manager Rogge Global Partners, which is currently owned by Old Mutual.