Aberdeen Asset Management is implementing a number of changes to several of its multi-asset funds including renaming the products, introducing lower charges and revamping objectives.
The portfolios affected are the Multi-Asset Conservative portfolio, Multi-Asset Growth 1 portfolio, Multi-Asset Growth 2 portfolio and the Multi-Asset Growth 3 portfolio, all of which were launched in April 2015 and are managed by Mike Brooks (pictured), who joined from Baillie Gifford last year, and the multi-asset team. Brooks joined to work alongside Mike Turner on the £198m Diversified Growth fund, after running a similar strategy at Baillie Gifford that reached £5bn in size. Aberdeen said in a letter to investors the fund changes are "designed to allow us to run the portfolios mo...
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