Published by Wealth Briefing Asia – 19th July 2017
The investment house is launching a raft of funds for the Singapore market, and giving a debut to a multi-asset strategy in the jurisdiction at a time of uncertainties around global markets.
Aberdeen Asset Management has launched five new funds for sale in Singapore, including the group’s first multi-asset funds in the Asia city-state.
The said these are also its first Luxembourg-domiciled funds to be available direct to retail investors in Singapore under a scheme recognised by the Monetary Authority of Singapore. The funds are Aberdeen Global – Australian Dollar Income Bond Fund; Aberdeen Global – Multi Asset Growth Fund; Aberdeen Global – Multi Asset Income Fund; Aberdeen Global – North American Smaller Companies Fund, and Aberdeen Global – Select Emerging Markets Bond Fund.
The launches come at a time when Aberdeen said there are “mixed signals in markets over the effect of a potential roll-back in quantitative easing and rising interest rates” – a brew that is arguably suited for multi-asset portfolios.
