ASI launch global mid-cap fund under Nimmo and Shah

Average market cap of $9bn

Aberdeen Standard Investments has launched a global mid-cap fund under the management of Harry Nimmo and Anjli Shah in a "natural extension" of the firm's $7.9bn AUM smaller companies team’s mandate.

Registered for sale in the UK, Ireland, Luxembourg and Switzerland the Aberdeen Standard SICAV I - Global Mid-Cap Equity fund will target companies with an average market cap of around $9bn. The launch of the fund was flagged by ASI in February as it announced that Nimmo would be stepping down global head of smaller companies after 27 years in the role and replaced by Andrew Paisley. ASI noted there are currently "only a handful of funds" focused on global mid-cap firms, despite many mid-cap products with US or UK mandates. The firm added that mid-caps make up an average of 15% of ...