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Aberdeen AM Starts Diversified Growth Funds

Global investment management group Aberdeen Asset Management has rolled out two new diversified growth funds to meet increasing demand from investors.

Global investment management group Aberdeen Asset Management (Aberdeen AM) has rolled out two new diversified growth funds to meet increasing demand from investors, Professional Pensions reports. U.K. pension funds have provided seed money of £40 million for the two funds – the Aberdeen Diversified Growth Fund and the Aberdeen Life Diversified Growth Fund.

The pension funds have invested as they are interested in generating equity-like returns but with lower volatility. In terms of investment strategy, the two vehicles will lean away from heavy equity allocations and more towards fixed income and alternatives. The portfolios will be run by Aberdeen’s ten-member multi-asset team led by head of global strategy and asset allocation Mike Turner.

Click here for the story from Professional Pensions.

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