Aberdeen is set to rename 13 of its funds in order to clarify their objectives.
The changes, which come into force on January 1 2014, include renaming Devan Kaloo’s £3.1bn Aberdeen Emerging Markets fund as the Aberdeen Emerging Markets Equity fund and renaming Hugh Young’s £2.3bn Aberdeen Asia Pacific fund as the Aberdeen Asia Pacific Equity fund.
A spokesperson for Aberdeen said the changes were intended to “make it more clear the asset class and the part of the market [the funds] invest in”.
The spokesperson said that only the names of the funds would change and that there would be no change of strategy on any of the affected funds.
The full list of name changes is as follows:
|Original name||New name|
Aberdeen American Equity
|Aberdeen North American Equity|
|Aberdeen Asia Pacific and Japan||Aberdeen Asia Pacific and Japan Equity|
|Aberdeen Asia Pacific||Aberdeen Asia Pacific Equity|
|Aberdeen Corporate Bond||Aberdeen Sterling Corporate Bond|
|Aberdeen Emerging Markets||Aberdeen Emerging Markets Equity|
|Aberdeen Ethical World||Aberdeen Ethical World Equity|
|Aberdeen European Frontiers||Aberdeen Eastern European Equity|
|Aberdeen European Smaller Companies||Aberdeen European Smaller Companies Equity|
|Aberdeen Japan Growth||Aberdeen Japan Equity|
|Aberdeen Strategic Bond||Aberdeen World Strategic Bond|
|Aberdeen UK Mid-Cap||Aberdeen UK Mid-Cap Equity|
|Aberdeen UK Smaller Companies||Aberdeen UK Smaller Companies Equity|
|Aberdeen World Growth and Income||Aberdeen World Equity Income|