Aberdeen joins pensions push with low-cost multi-asset range

Aberdeen Asset Management has launched four multi-asset funds for long-term investors following the introduction of pension freedoms this month.

The fund range consists of the Aberdeen Multi Asset Conservative fund,  and three Multi Asset Growth funds, each taking variable levels of equity risk. The Conservative fund has an ongoing charges figure (OCF) of 50bps, with the trio of growth funds charging 60bps. Each uses Synthetic Risk and Reward Indicator (SRRI) targets to manage volatility, and are based on a five-year track record of historical data. The new products will be managed by the investment solutions team using an active asset allocation policy which will take both strategic and tactical views. They will invest ...