Aberdeen Asset Management is implementing a number of changes to several of its multi-asset funds including re-naming the products, introducing lower charges and revamping objectives.
The portfolios affected are the Multi-Asset Conservative portfolio, Multi-Asset Growth 1 portfolio, Multi-Asset Growth 2 portfolio and the Multi-Asset Growth 3 portfolio, all of which were launched in April 2015 and are managed by Mike Brooks (pictured), who joined from Baillie Gifford last year, and the multi-asset team. Brooks joined to work alongside Mike Turner on the £198m Diversified Growth fund, after running a similar strategy at Baillie Gifford that reached £5bn in size. Aberdeen said in a letter to investors the fund changes are "designed to allow us to run the portfolios mo...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
