Aberdeen looks to merge two MyFolio fund ranges

The move comes as both ranges share similarities including universe, asset allocations and risk targets. According to Aberdeen, the MyFolio index range offers lower fees in its primary share class, which are between 5% and 20% less than those of the MyFolio Market fund range. If the merger takes place, investors in the MyFolio Market range could pay between 5% and 20% less in fees compared to the current ongoing charges figure when it comes to its primary share class. MyFolio index has recorded better performance over both the short and long term, although Aberdeen added that "past...