Aberdeen Asset Management has proposed a series of fund mergers in an effort to simplify its range of fixed income products.
The move will see five different funds incorporated into three similar but larger strategies, all of which are domiciled in either Luxemburg or Dublin.
A spokesperson for Aberdeen said: “[All] are part of a project to consolidate our fixed income range and merge smaller funds.”
Three portfolios - the £116m Select International Bond, $40m (£30m) Global Select High Yield Bond and €38m (£33m) Global II Euro High Yield Bond funds - will merge into the firm’s £1bn Global Select Euro High Yield Bond product.
Aberdeen will also merge the £35m Select Global Sovereign Bond portfolio into the $1.6bn Global Select Emerging Markets Bond fund, with the Global II Emerging Europe Bond product combining with its $168m Global Emerging Markets Local Currency Bond fund.
The changes follow on from a series of mergers which took place last summer as Aberdeen sought to slim down its range of products following its £550m acquisition of Scottish Widows Investment Partnership in 2013.
