Aberdeen Asset Management is set to cut fees on two of its offshore short-term bond funds, Investment Week can reveal.
The €209m (£164m) Aberdeen Global II Euro Short Term Bond and $146m (£89m) US Dollar Short Term Bond funds will see their AMCs slashed on all share classes with effect from 1 October. Both funds will see charges dropped from 90bps to 50bps on share class A, while the Euro fund will also see the fees halved on the J and X share classes to 25bps. Both funds sit under the Luxembourg-domiciled Aberdeen Global II SICAV umbrella and managed by the money markets team. Both funds have underperformed their respective sectors over three years: the Euro fund is up 4.4% versus the offshore sec...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes