Aberdeen Global II

We are currently pursuing a programme of fund rationalisation and re-organisation to deliver a more efficient platform for pooled funds and services to our pooled fund investors.

A key part of the rationalisation programme is the transfer of certain client assets which were invested in Aberdeen Irish-domiciled funds to new Aberdeen group managed funds domiciled in Luxembourg.

Benefits to the Investor

Consolidated range

Consolidating fund ranges enables Aberdeen to streamline administrative arrangements so that investors will have a single point of contact and will not have to accommodate different regulatory regimes to invest in different funds. Having the funds as part of Aberdeen's main Luxembourg domiciled cross-border fund proposition should also ensure that the products remain competitive with peers and are promoted to attract new assets, thereby ultimately reducing unit costs for all.

UCITS status

Where possible, the new Luxembourg sub funds have been set up as "wider powers" UCITS funds from launch, whereas in Dublin currently, fewer funds have this status. UCITS is increasingly recognised as the preferred fund type across Europe and much further afield. Compliance with UCITS regulations requires adherence to a strictly regulated risk framework for the fund concerned which typically brings additional investor protection.

Enhanced features

The majority of Aberdeen's Luxembourg funds will have the capability to issue hedged share classes which will enable shareholders to select a currency or hedging strategy to meet their individual requirements, where the share classes are made available. A wide variety of charging structures is also available.