Shareholders of the £122m Aberdeen Frontier Markets investment company have voted in favour of shifting the trust from a fund of funds mandate to direct investing, while bringing in Devan Kaloo and Joanne Irvine as lead managers.
The trust previously followed a fund of funds approach run by Andy Lister and Bernard Moody who joined the group when Aberdeen acquired Advance Emerging Capital in 2015. But the new policy, which was...
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Favouring non-sterling denominated bonds