Aberdeen is to expand its Luxembourg-based Sicav to include 21 sub-funds.
The additions to the range include specialist Asian mandates and fixed income portfolios transferred from Aberdeen’s Dublin fund range. The Luxembourg funds are registered for sale in 11 countries and have grown by 170 per cent in the last year to 1.6bn under management.
Sterling-denominated distributor share classes are being made available primarily for UK investors, while an institutional share class denominated in the base currency of the relevant global fund will also be launched.
Aberdeen head of group marketing Gary Marshall says: “The proposed amalgamation simplifies and enhances the service we are able to offer both existing and prospective clients.”