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Aberdeen plans two bond fund launches

Aberdeen Asset Management is launching onshore versions of its Luxemburg-domiciled emerging market bond and high-yield bond funds in March.

As revealed in this week’s Money Marketing, the emerging market bond fund will consist of a mixture of hard and local currency, with sovereign and corporate debt, while the high-yield bond fund will look to offer monthly income and long-term capital growth.

The offshore emerging market bond fund has returned 24 per cent over the past three years while the high-yield bond fund has returned 46 per cent.

Aberdeen is looking to rebuild its onshore bond fund range after selling six funds to New Star in 2003. It has two onshore bond funds – corporate bond and multi-manager sterling bond.

Skerritt Consultants head of investment Andy Merricks says: “The high-yield area is attractive, the only worry is default risk, which is not likely at the moment.

“I am more dubious on emerging market bond funds as there is a threat of inflation but I believe it will be a good investment in the long term.”

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