Aberdeen to run equity income fund

Aberdeen Asset Management has confirmed it is to run a combined equity income product using a barbell structure of equities and fixed interest, offering a dividend yield of 4.4%, writes Robert Stock. Aberdeen plans to merge its two equity income funds into the Murray Johnstone Oeic, avoiding around £2m in stamp duty liabilities, as reported in Investment Week in April. The move, which is due to take place next month if unit-holder approval is gained, will see the assets of the £377m Aberdeen High Income and the £180m Aberdeen Extra Income funds rolled into the £53m Aberdeen Equity Incom...