Aberdeen Asset Management is planning to launch a globally invested fund which will be partly run by...
Aberdeen Asset Management is planning to launch a globally invested fund which will be partly run by US manager Katherine Garrett-Cox.
The group is also holding a number of intermediary roadshows starting in the middle of September where Garrett-Cox will be one of the speakers.
Garrett-Cox begins work at Aberdeen next month as head of US equities along with members of her team from Hill Samuel Asset Management, Rupert Della Porta and Rupert Howard who all left at the end of June.
As well as running the group's two US unit trusts, Aberdeen North America and Aberdeen American Opportunities, Garrett-Cox will have management responsibilities on a global-sector based fund the group is to launch. The group already offers unit trusts with global portfolios, such as Aberdeen Technology and Aberdeen Global Portfolio. Gary Marshall, sales and marketing director at Aberdeen, said the new fund would be different from global portfolios already offered by the investment house.
He said it would have a wider investment universe than John Pullar-Strecker's technology unit trust and would be based on sectorial lines rather than geographical like Andy Brunner's Global Portfolio fund.
At the roadshows Garrett-Cox will talk about how she intends to run the group's two US unit trusts which were previously managed by US insurance group Phoenix, which is also a part owner of Aberdeen.
The roadshow commences on 19 September and runs through to the 4 October. Venues include: Edinburgh, Glasgow, Manchester, Nottingham, Birmingham, Exeter and Bristol. There will be two shows in London and the it will then continue on to: Guildford, Bournemouth, Bury St Edmunds, Jersey, Guernsey, Belfast and Aberdeen. To book a place, contact the group's broker team on 0800 592 487 or e-mail: [email protected] aberdeen-asset.com
While at Hill Samuel Garrett-Cox and her team ran the group's American Growth unit trust. Over the three years to 12 July the fund is ranked 14 out of 80 rising by 109.5% on an offer to bid basis compared to an average rise in the sector of 83.7%.
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