Aberdeen deal expands its fund range

Fund buyers are biding their time until the details of the purchase of Deutsche Asset Management become clearer

The purchase of Deutsche Asset Management UK operation is by no means the first corporate drama in Aberdeen Asset Management's turbulent history but could bring about some of the most drastic changes to the group's fund range. The group has acquired many businesses before, in particular the high profile group Prolific, bought from Scottish Provident in 1997. Since then, especially over the past few years, Aberdeen has also sold off big chunks of its own business, such as Aberdeen Property Investors in May 2004 and the sale of six of its onshore retail funds to New Star in early 2003. Th...