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Switch out of Aberdeen funds, says IFA Bates

Bates Investment Services is advising investors to sell their Aberdeen unit trust holdings immediately.

]The IFA has written to all clients it advised to buy Aberdeen funds to urge them to consider switching into alternative funds as soon as possible.

Only Aberdeen&#39s progressive growth unit trust, which invests in split-caps, is spared the sell warning, with Bates advising investors to wait for the fund&#39s uplift package before moving.

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