Aberdeen

Ben Pakenham, manager of the Aberdeen High Yield Bond fund, takes a closer look behind the headlines at what is happening in the high yield bond sector.

US fund managers who avoided technology giant Apple in the final quarter of last year have raced to the top of the IMA North America sector after the company endured a fierce sell-off.

Aberdeen is the biggest riser in the FTSE 100 after a double acquisition that CEO Martin Gilbert said does not alter the group's "very cautious" strategy.

Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.

EMD

Aberdeen Asset Management's chief executive Martin Gilbert has sold 1 million shares in the asset manager, worth over £4m.

CONTRARIAN

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

THE BIQ QUESTION

Paul Feeney has told Investment Week the terms negotiated on Skandia's soon-to-be-launched Select fund range will enable the group to offer the "best model portfolio service" to UK advisers and help them take power back from other distributors.