The multi-manager team, which runs 12 onshore funds and four Sicavs, was bought by Aberdeen from Credit Suisse in July and Duce says the group is opting for the completely external approach to allow for a wholly transparent offering. He says: “We wanted to avoid any conflicts of interest and offer a purely open-architecture approach.”
The company has replaced its investment in the Aberdeen £843m global emerging markets fund and £200m ethical world funds with the M&G emerging markets fund and the F&C international ethical fund and topped up exposure in the CIS sustainable leaders fund.
Duce says investors can still access direct investments into Aberdeen funds through the wider multi-asset group which Aberdeen also bought from Credit Suisse.
He says: “We feel that this solution is best for investors and reflects the good lines of communication we have with those managers we invest in.”