Aberdeen Asset Management is hoping to meet clients’ demands for equity-like returns in a volatile environment by launching two diversified growth funds.
The funds will invest in a range of asset classes with the ability to alter asset allocation dynamically, a strategy that allows the fund managers to respond quickly in times of crisis.
Both funds will be tilted towards Asia and other emerging markets, which reflects “the shift in the balance of power from west to east”, said the company. Equities will typically have a low weighting with the rest of the portfolio made up of bonds and alternatives such as property.
The funds will be managed by Aberdeen’s 10-strong multi-asset team led by Mike Turner, head of global strategy and asset allocation.
The Aberdeen Diversified Growth Fund and the Aberdeen Life Diversified Growth Fund have been seeded with £40 million (€47 million) from institutional investors and will be marketed to the institutional and wholesale markets.
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