Aberdeen consolidates Duce and Kearney's MM range

Aberdeen Asset Management is set to consolidate its multi-manager range, run by co-heads of MM Graham Duce and Aidan Kearney.

The £17m Multi-Manager UK Growth, £25m Multi-Manager International Growth, and £12m Multi-Manager Emerging Markets fund will merge into the £56m Aberdeen Multi-Manager Equity Managed portfolio.

The £21m Multi-Manager UK Income fund and the £14m Multi-Manager Sterling Bond fund will merge into the £16m Multi-Manager Multi-Asset Distribution fund.

"These proposals are in the best interests of clients and aim to consolidate our multi-manager range and create portfolios of critical mass," said Duce. "We are seeing interest in multi-manager funds with broader investment remits."

If approved by investors, the proposals will create larger offerings with the critical mass to attract fresh investment, according to the group.