Aberdeen MM team favours UK equities

The Aberdeen multi-management team has begun to build up exposure to developed regions, with a skew towards UK equity funds.

Aidan Kearney, co-head of multi-manager alongside Graham Duce, said incoming  fund flows are being allocated towards the UK, where they think markets are less likely to suffer from any major events. However, they are not reducing exposure to emerging markets. “We still have our core positions in Asia, where we think the growth is, but we are allocating more cashflows to developed over emerging markets, and, within that, the UK over Europe.” said Kearney. In the UK, the managers have added to existing holdings in Rensburg UK Managers’ Focus Trust and GLG UK Growth. Duce and Kearney ...