Aberdeen launches Diversified Growth fund

Aberdeen Asset Management has launched an additional multi-asset fund for Mike Turner with a bias towards emerging markets.

The Aberdeen Diversified Growth fund will have a low weighting towards equities in favour of fixed income and assets in the alternatives space such as property and hedge funds. It will also allocate to other funds inside and outside of Aberdeen. Although the fund is being marketed towards institutional investors, retail players can access the NURS fund. It has been seeded with £40m. Turner, head of global strategy and asset allocation, runs the £547m Multi-Asset fund and his team is responsible for around £6bn of assets.