Aberdeen Asset Management has launched an additional multi-asset fund for Mike Turner with a bias towards emerging markets.
The Aberdeen Diversified Growth fund will have a low weighting towards equities in favour of fixed income and assets in the alternatives space such as property and hedge funds. It will also allocate to other internal and external funds. Although the fund is being marketed towards institutional investors, retail players can access the NURS fund. It has been seeded with £40m. Turner, head of global strategy and asset allocation, runs the £547m Multi-Asset fund and his team is responsible for around £6bn of assets.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes