Aetna fund range purchased in 1998 is to be reduced from 24 funds to 20
Aberdeen Asset Management is finishing an overhaul of its entire Luxembourg range, adding three funds, merging others and taking the total number down from 24 to 20. One new fund will be the Sovereign High Yield, to be run by Julian Adams. It will absorb a number of existing funds: High Yield Bond, US Dollar Bond and Canadian Dollar Bond. Adams has run a similar portfolio from Aberdeen's Guernsey base for around two years and the company hopes his track record will sell the product. Andrew Elder, head of emerging markets, will run the new Frontier Markets fund investing i...
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