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Aberdeen To Float Two Bond Funds
Aberdeen Asset Management is launching two funds focusing on emerging market and high yield.
Aberdeen Asset Management is launching two funds focusing on emerging market and high yield, Citywire reports. The Aberdeen Emerging Markets Bond fund will be the U.K. version of its existing Luxembourg Sicav. It will be a fund of both local currency and dollar-denominated bonds and access both sovereign and corporate debt.
The Aberdeen High YIeld Bond fund will be mirrored on the Luxembourg-domiciled fund of the same name and will seek to pay a monthly income. The emerging market bond fund will be managed by Brett Diment, while the high yield bond fund will be run by Paul Reed.
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