Luxembourg fund range has been overhauled by Aberdeen
Aberdeen Asset Management is finishing an overhaul of its entire Luxembourg fund range, adding three new 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: the High Yield Bond Fund, the US Dollar Bond Fund and the Canadian Dollar Bond Fund. Adams has run a similar fund 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 ...
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