Aberdeen shoots the messenger

Professional Adviser
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Citing unfavourable press reports of its troubles Aberdeen Asset Management is seeking to calm fears...

Citing unfavourable press reports of its troubles Aberdeen Asset Management is seeking to calm fears among investors in its unit trust and OEIC products by sending out a Questions & Answers update on its current corporate status. The Q&A form states categorically that AAM is not going to become insolvent, and say that even were that to happen, then clients' assets would be unaffected. The value of the assets within the collective investment vehicles managed by AAM would not be able to lose all their value unless there was a "worldwide, economic implosion". AAM uses the...

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