Five of Aberdeen Asset Management's funds are now available via the ASX’s mFund settlement service, the firm has announced.
Aberdeen Asset Management managing director Brett Jollie said mFund will contribute to helping investors achieve greater diversification of their self-directed investments.
“Our efforts to promote Aberdeen’s funds into this new market segment will assist in meeting this demand for ongoing investor education,” Mr Jollie said.
Aberdeen Asset Management said the mFund service will “complement” its existing strategy which relies on advisers and platforms to distribute more than 20 funds to Australian investors.
“The Aberdeen funds offered on the new service cover a range of asset classes – emerging market equities, Asian equities, global equities (including a hedged option) and diversified fixed income,” a statement from Aberdeen Asset Management said.
ASX head of customer and business development Ian Irvine said the mFund settlement service provides an opportunity for investors to access a broader range of investment assets in a familiar way.
“This can assist in achieving greater diversification, which in turn can help to manage portfolio risk,” Mr Irvine said.
As of 30 June 2014, Aberdeen Australia has a total of $17 billion in assets under management, while the Aberdeen Group, which has offices in 25 countries, has over $584 billion in assets under management.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 24 Aug 2017Critical disclosures flagged for US expat clientsBy Miranda Brownlee
- 23 Aug 2017'No apparent benefit' in ATO position on ECPIBy Katarina Taurian
- 23 Aug 2017Transfer balance cap confusion posing risks for practitionersBy Miranda Brownlee
- 23 Aug 2017TBAR reporting tipped to expose illegal adviceBy Miranda Brownlee
- 22 Aug 2017Contentious views on segregation locked inBy Katarina Taurian
- 22 Aug 2017Contributions spike for 2016-17 financial yearBy Staff Reporter
- view all
- Transfer balance cap confusion posing risks for practitioners
Confusion around certain aspects of the transfer balance cap could be leading some practitioners to provide advice to clients based on premi...read more
- view all