Aberdeen restricts inflows into Kaloo's £9bn EM range

Aberdeen Asset Management is moving to limit inflows into its EM fund range, including Devan Kaloo's £6bn Global Emerging Markets Equity and £2.7bn Emerging Markets funds.

Aberdeen has already taken action over the past few years to slow flows into the range, including closing the funds to new segregated business, capping existing segregated accounts and ending the pro-active marketing of the portfolios. The group said it wants to avoid a total closure, to allow small investors in the funds to continue with regular monthly savings plans, but is seeking to limit inflows further. “Flows, while they have slowed, have not done so sufficiently. So to maintain this level of long-term performance we have now got to the stage that we are exploring the possibili...