Aberdeen cuts fees on two short-term bond funds

Aberdeen Asset Management is set to cut fees on two of its offshore short-term bond funds, Investment Week can reveal.

The €209m (£164m) Aberdeen Global II Euro Short Term Bond and $146m (£89m) US Dollar Short Term Bond funds will see their AMCs slashed on all share classes with effect from 1 October. Both funds will see charges dropped from 90bps to 50bps on share class A, while the Euro fund will also see the fees halved on the J and X share classes to 25bps. Both funds sit under the Luxembourg-domiciled Aberdeen Global II SICAV umbrella and managed by the money markets team. Both funds have underperformed their respective sectors over three years: the Euro fund is up 4.4% versus the offshore sec...