Investor appetite for hugh young
The board of Aberdeen’s Asian Income Trust is looking into options to satisfy high demand for the company’s shares which has resulted in it trading at a 5% premium to its net asset value.
The board of Aberdeen’s Asian Income Trust is looking into options to satisfy high demand for the company’s shares which has resulted in it trading at a 5% premium to its net asset value.
GLG Partners is to make its professional share class option available acrosss 11 of its UK-domiciled funds.
Aberdeen Asset Management has unveiled the charging structure for its unbundled share classes in readiness for RDR.
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.