The £42m UK opportunities fund will be merged into the £119m UK growth fund, which in turn is being renamed the Aberdeen UK equity fund.
In the same vein, the firm is also merging its £5.4m European opportunities fund into the £224m European growth, which is being renamed European equity.
The move, which is still subject to shareholder approval, will see the total expense ratios fall on both funds following the merger. The TER on UK opportunities will fall from 1.9 per cent to 1.63 per cent, while for European Opportunities the TER will fall from 1.9 per cent to 1.65 per cent.
All the funds will continue to be managed by the pan European equities team.
Both the UK and European opportunities funds were fourth quartile in their respective sectors over three years.
A spokesman for Aberdeen says: “We believe the merger of these two relatively small funds into their larger sister funds will result in more efficient portfolio management and operations over time, benefiting shareholders by providing potential economies of scale and ultimately, lower expenses.”