Aberdeen launches new fund
Aberdeen Asset Management has today announced the launch of a new diversified fixed income fund in response to changes in global market demands.
The Aberdeen Core Plus Fund has focused on diversification across lowly correlated fixed income strategies, Aberdeen announced.
Aberdeen CEO and head of Australian Fixed Income Bill Bovingdon said that while the core of the fund would be Australian bonds, it would also focus on international fixed income allocations.
“If you confine yourself to Australian only credits you are … in effect taking a sub-optimal slice of what the global market has to offer,” he said.
He added that troubled global markets had created a “once in a lifetime opportunity” for bond managers to buy resources at a price they’ll never see again.
Independently owned financial researcher van Eyk has awarded an A* rating for the Core Plus fund, Aberdeen said.
Aberdeen also said that the fund aims to outperform the UBS Composite Bond Index by 1.50 per cent per annum.
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