aberdeen prices mm amc

Aberdeen Asset Management has set the AMC on its RDR-ready unbundled share class for its multi-manager fund range at 0.5%.

aberdeen prices mm amc
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From today the firm’s Balanced Managed, Cautious Managed, Ethical, Constellation, Diversified Alpha, Multi-Asset Distribution and Equity Managed portfolios will all offer a clean fee share class priced at 0.5%.

The AMC on its existing R share class is 1.5%.

Aberdeen’s multi-manager range is headed by Aiden Kearney and Graham Duce, with two further portfolio managers, Robert Bowie and Scott Spencer, and three analysts, Justin Jones, Sonja Tilly and Zoe Spencer, in support.

Steve Andrews, head of strategic partnerships UK at Aberdeen, said: “After an extensive consultation in which we spoke to IFA clients around the country we are delighted to be able to put in place a competitively priced unbundled share class well in advance of the RDR deadline of 31 December.

“We believe this pricing will compare favourably against many of the other multi-manager offerings and this combined with the experience of the team, our fundamental approach to investing and robust long-term performance should make for a compelling proposition.”

Cazenove gave its multi-manager range, run by Marcus Brookes and Rob Thorpe, a clean fee share class of 0.5% AMC in January, while last month Jupiter’s Merlin multi-manager range, run by John Chatfeild-Roberts and co, has been priced at 0.75% along with the rest of its funds.

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