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Resurgent Aberdeen still divides analysts and IFAs

Despite a strong revival from Aberdeen Asset Management, analysts and IFAs are at odds over the future of the group.

The group share price has rallied a startling 63 per cent to 71p at the time of going to press from the October low of 26.5p on the back of rumours that it is on the verge of selling its property arm.

But some IFAs, including Bates Investment Services, still doubt that Aberdeen can recover from the split-cap crisis. Bates issued advice to sell to clients in October on all Aberdeen funds, apart from progressive growth, advising investors to withdraw their money.

Some sources consider it possible that the group could be heading for liquidation but others are predicting a radical reb- randing that may involve a name change or a reversion to the Prolific brand which was bought by AAM five years ago.

While not advocating a sell policy, Simpsons of Brighton partner Andrew Merricks is cautious. He says: “Aberdeen is vulnerable and, in my opinion, all that another investment group needs to do is go in and strip out all the good managers.”

Bestinvest fund research analyst James Calder says: “There is a good chance that it will take a good deal more pain but you have to look at a five-year time horizon and it can bounce back.”


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Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


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