Group also develops range of educational content to navigate retirement planning
Aberdeen Asset Management has launched four low cost multi-asset funds as options for long term saving.
| IA sector | OCF (%)* | AMC (%) | |
|---|---|---|---|
| Aberdeen Multi Asset Conservative Fund | Unclassified | 0.5 | 0.3 |
| Aberdeen Multi Asset Growth 1 Fund | Mixed In 0-35% Shares | 0.6 | 0.4 |
| Aberdeen Multi Asset Growth 2 Fund | Mixed In 20-60% Shares | 0.6 | 0.4 |
| Aberdeen Multi Asset Growth 3 Fund | Mixed In 40-85% Shares | 0.6 | 0.4 |
The Funds use the Synthetic Risk and Reward Indicator (SRRI) targets to manage volatility and are based on a 5 year track record of historical data1. Ranging from 2 at the most cautious (the Aberdeen Multi Asset Conservative Fund) up to 5 for the Aberdeen Multi Asset Growth 3 Fund for those willing to take more risk for a potentially higher return.
Aberdeen’s highly regarded Investment Solutions team will be responsible for managing the Funds. The team will operate an active asset allocation policy that expresses both strategic and tactical views across the Funds. The Funds invest in passive, enhanced index and actively managed funds suitable for all types of long term investing regimes.
The pension reforms that took effect on 6 April provide individuals with more freedom and flexibility at retirement. Aberdeen’s range offers an alternative, depending on risk appetite, to the traditional annuity purchase. It may also be appropriate for individuals saving for their retirement.
Steven Nicholls, Head of Defined Contribution at Aberdeen Asset Management, comments: “The pension reforms which primarily bring more flexibility and freedom to post-retirement investing also act as an important reminder of the need to start a pension as early as possible and to make sufficient contributions. These four multi-asset funds have been launched to offer low cost solutions to individuals’ retirement objectives.”
As well as the new products created, Aberdeen has a number of existing funds and investment trusts that may be suitable for the accumulation and de-cumulation investing phases.
For further information contact
Guy Nicholls
Aberdeen Asset Management
Tel: 02074635809
Mob: 07810050539
guy.nicholls@aberdeen-asset.com
*The Ongoing Charge Figure (OCF) is the overall cost shown as a percentage of the value of the assets of the funds. It is madeup of the Annual Management Charge (AMC) and other charges. The OCF can help you compare the annual operating expenses of different funds. As at 31 March 2015. There are no initial charges for the Multi Asset Fund Range.
1 It is important to note that we use these SRRI volatility ratings as targets for the underlying funds and these are not guaranteed. In certain market circumstances, the portfolio manager may determine that it is in the best interests of the funds to suspend targeting the SRRI for a period. The funds will always be managed to their respective investment objectives and policies, as stated in the prospectus.
