Aberdeen slashes holdings in European Frontiers fund

Aberdeen has halved the number of stocks in the £52m European Frontiers fund in the year since it bought the vehicle from Credit Suisse.

On July 1, 2009, the Aberdeen global emerging markets team took over the mandate from Elizabeth Eaton who had been running the high-profile fund since October 2005 and remained at Credit Suisse.  Mark Gordon-James, an emerging market equities investment manager at Aberdeen who works on the fund, says the portfolio has changed significantly since then, with the number of stocks reduced from 60 to 28.  Country and sector weightings have also changed to reflect Aberdeen’s high conviction investment process.  Although the performance of the fund lags behind its closest competitors in t...