Aberdeen announce fund mergers

Aberdeen to merge away expensive Opportunities funds.

Tom Whitelaw 4 February, 2010 | 9:21AM
Facebook Twitter LinkedIn
Aberdeen Asset Management has announced that they are to merge away both of their UK and European Opportunities funds. Both of the funds are relatively small and the move will see £42.7 million moving from UK Opportunities to Aberdeen’s £124 million UK Growth fund. That fund will then be renamed Aberdeen UK Equity. The £238.6 million European fund will also see a moderate £5.8 million increase in

assets when Aberdeen European Opportunities is merged in to it. Aberdeen expects the changes to the funds to be completed by 12 March.

Aberdeen UK Growth is rated Standard by Morningstar and the UK Opportunities fund was rated Inferior; although it follows the same investment process we believe the additional expenses incurred on the fund were unwarranted. The merger of the two funds will not affect our rating. The process in use on UK Growth will be transferred to the newly formed Aberdeen UK Equity and its rating will remain at Standard.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Tom Whitelaw  

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures