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Meanwhile, the US equivalents were closed to new investments.
In its most recent stock market announcement Aberdeen reported profits up 34% year-on-year, with GEM, Asia-Pacific and global equities accounting for the lion’s share of fund inflows.
So, with the group working to stem flows into its GEM products, will the business suffer as a result, or is it more than a one-trick pony?
Take a look at five top-performing alternatives, including a relatively new ‘one to watch.’
Required to pursue a managed wind-down
The majority (85%) of funds affected will likely have their ratings relegated now that management fees are taken into account
Paul Brain, who previously led Newton’s fixed income team, retires after 40 years as an investment manager
Conservative MP Bob Blackman continues as co-chair, joined by Labour’s Sam Rushworth
Byrne becomes head of global equities for AXA IM Core
The 11 new impact portfolios ‘seek to generate positive, measurable, and sustainable social and environmental change, alongside a financial return’