21 Jan 2011
Aberdeen Asset Management has announced the launch of the Aberdeen Global - Emerging Markets Corporate Bond Fund, Aberdeen Global - Ethical World Equity Fund and the Aberdeen Global – American Smaller Companies Fund. The three Funds are part of the Group's Luxembourg-domiciled Aberdeen Global SICAV.
Aberdeen has secured over $120 million of seeding for the three funds from existing clients - $32.5 million for the emerging market corporate bond fund, $54.5 million for the ethical world equity fund and $41 million for the American smaller companies fund. Once authorised for sale by local regulators the Funds will be actively marketed across Europe and parts of Asia.
The Aberdeen Global - Emerging Markets Corporate Bond Fund will be managed by Aberdeen's emerging market debt team, led by Brett Diment.
The Aberdeen Global - Ethical World Equity Fund will be based on the existing UK-domiciled, Aberdeen Ethical World Fund and will be managed by the Group’s global equity team based in Edinburgh. The 14-strong team, led by Stephen Docherty, manages over US$1 billion in Environmental, Social Corporate Governance (ESG) segregated mandates and pooled funds.
The Aberdeen Global –American Smaller Companies Fund will be managed from Philadelphia by the Group’s 12-strong North American equity team, led by Paul Atkinson. The team will employ Aberdeen’s group-wide, disciplined, bottom-up equity investment process in managing the portfolio.
Aberdeen has secured over $120 million of seeding for the three funds from existing clients - $32.5 million for the emerging market corporate bond fund, $54.5 million for the ethical world equity fund and $41 million for the American smaller companies fund. Once authorised for sale by local regulators the Funds will be actively marketed across Europe and parts of Asia.
The Aberdeen Global - Emerging Markets Corporate Bond Fund will be managed by Aberdeen's emerging market debt team, led by Brett Diment.
The Aberdeen Global - Ethical World Equity Fund will be based on the existing UK-domiciled, Aberdeen Ethical World Fund and will be managed by the Group’s global equity team based in Edinburgh. The 14-strong team, led by Stephen Docherty, manages over US$1 billion in Environmental, Social Corporate Governance (ESG) segregated mandates and pooled funds.
The Aberdeen Global –American Smaller Companies Fund will be managed from Philadelphia by the Group’s 12-strong North American equity team, led by Paul Atkinson. The team will employ Aberdeen’s group-wide, disciplined, bottom-up equity investment process in managing the portfolio.
