Aberdeen Asset Management is merging away two Dublin-domiciled bond funds into its larger Luxembourg-based high yield and EMD vehicles, respectively, as part of a plan to rationalise its fund range.
From 22 July, the £41.5m Dublin-domiciled Aberdeen Select Global Sovereign Bond fund will be merged into the group's $1.5bn Global - Select Emerging Markets Bond fund. On the same date, the £110.9m Select International Bond fund, also domiciled in Ireland, will be merged into the €908.6m Global - Select Euro High Yield Bond fund. In a letter to shareholders, the company said: "The merger is part of a rationalisation of the range of Aberdeen-managed funds that is being undertaken with the aim of generating efficiencies in the management and marketing of products. "This includes merg...
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