Aberdeen Asset Management is proposing to merge three equity multi-manager funds into the Aberdeen Multi-Manager Equity Managed Portfolio.
The three funds Aberdeen proposes to merge with the Multi-Manager Equity Managed Portfolio are the Multi-Manager UK Growth Portfolio, the Multi-Manager International Growth Portfolio, and the Multi-Manager Emerging Markets Portfolio.
Aberdeen has also proposed to merge two other funds – the Aberdeen Multi-Manager UK Income Portfolio and the Multi-Manager Sterling Bond Portfolio – with the Aberdeen Multi-Manager Multi-Asset Distribution Portfolio.
Graham Duce, co-head of multi-manager funds at Aberdeen, says:
“These proposals are in the best interests of clients and aim to consolidate our multi-manager range and create portfolios of critical mass.
“We are seeing interest in multi-manager funds with broader investment remits.”
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