Aberdeen Asset Management is continuing its fund rationalisation process following the acquisition of Scottish Widows Investment Partnership (SWIP) by merging away three more funds.
The Scottish fund group is set to merge the £9.1m Aberdeen Multi-Manager Select Boutiques and the £56.7m Aberdeen Multi-Manager Constellation portfolio into the £84.1m Multi-Manager Equity Managed portfolio. Aberdeen is also proposing to merge the £108.1m European High Yield fund, formerly run by SWIP, into the £34.8m High Yield Bond fund. The latest set of mergers are part of the rationalisation process the group is undertaking following the acquisiton of SWIP last May, which has already seen a raft of similar announcements. Aberdeen steps up fund range restructure with five me...
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