Aberdeen Asset Management has transferred nearly £2.9 billion equity funds and mandates run by Scottish Widows Investment Partnership (SWIP) across to the Aberdeen equity platform.
The migration follows the acquisition of SWIP by Aberdeen earlier in April for £550 million.
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Of total assets, around £2.2 billion assets were invested in pan-European portfolios, £0.6 billion in global equity portfolios and the remaining in portfolios across the Americas.
Aberdeen group head of equities Hugh Young said the company is delighted with the transfer of the funds and mandates across to the Aberdeen equity platform.
"We welcome the opportunity to apply our long-standing, fundamentally-driven, bottom-up investment process across these portfolios," added Young.
Aberdeen that managed £104.4 billion active equities prior to the migration said the former SWIP portfolios will be managed by relevant global and regional teams at Aberdeen.
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By GlobalDataBestinvest managing director Jason Hollands said the transfer should be welcomed by investors in these funds and mandates.
"Aberdeen has a much stronger track record it activity equity management. It also has a well demonstrated approach to integrations: they will keep acquired capabilities they don’t currently have, but otherwise assets will be bolted-on to their existing platform," Hollands added.
