Aberdeen Asset Management is all set to change the names of its 13 funds in a move to make portfolios’ objectives clearer to investors, with effect from 1 January.
As part of the move, Devan Kaloo’s £3.1 billion Aberdeen Emerging Markets fund will be renamed as the Aberdeen Emerging Markets Equity fund and Hugh Young’s £2.3 billion Aberdeen Asia Pacific fund as the Aberdeen Asia Pacific Equity fund.
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The name changes allow the company to include more details about the region a fund is invested into and to distinguish between bonds and equities.
All investors will be made aware opt the changes via a communication in November.
An Aberdeen spokesman said: "We have clarified the actual objectives of the funds through these name alterations."
"The changes were intended to make it clearer the asset class and the part of the market [the funds] invest in," he added.
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By GlobalDataThe company’s spokesperson added that only the names of the funds would change and that there would be no change of strategy on any of the affected funds.
