aberdeen doubles its global small cap fund range
Aberdeen Asset Management has added to its small cap fund range with the launch of a second global proposition.
Aberdeen Asset Management has added to its small cap fund range with the launch of a second global proposition.
Aberdeen Asset Management is the latest firm to strengthen its emerging market debt team, with the addition of Debora Confortini as credit analyst.
Aberdeen Asset Management saw net new business flows slump to £300m in the three months to 30 June, down from £700m in the same period last year, with assets under management dipping £2.3bn from the start of the quarter to £182.7bn.
There’s no denying the buzz there has been around emerging market debt (EMD) recently, but like EM equities it has the potential to be an asset class jumped on by many and managed successfully by few.
Aberdeen Asset Management saw AUM grow £14.8bn in the six months to the end of March, as a strong showing from its equity products mitigated weaker appetite for its fixed income and multi-asset offerings.
Aberdeen Asset Management’s Asia Pacific team, run by Hugh Young, has been given a vote of confidence by Witan Pacific Investment Trust, while Witan Pacific’s other existing manager, Nomura Asset Management UK, has been dropped.
Aberdeen is unlikely to make a hostile bid to run Alliance Trust and if it did would almost certainly fail, according to investment company researcher at Numis Securities, Charles Cade.
Aberdeen is to recommend to shareholders that it changes the investment mandate of its Edinburgh US Tracker Trust to allow it to be managed actively and generate income.
Aberdeen AM has named Charles Macgregor as its new head of credit research, Asia Pacific.
Aberdeen Asset Management is to take on the management of two Credit Suisse funds giving the firm its first foray into Brazil-specific fund management.
Dividends are going to be harder to come by in the UK this year, according to Bruce Stout manager of the Murray International Trust, who predicts more cuts and fewer special dividends than in 2011.
Aberdeen has changed the name of its multi-asset and multi-manager arm to Aberdeen Solutions to “better reflect the component strategies” and to appeal to intermediaries’ increased outsourcing of investment decisions.