Aberdeen eyes UK-based mirror of EM Bond Sicav

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Aberdeen Asset Management is planning to launch a UK-domiciled version of its $373.6m Emerging Markets Bond Sicav.

The Luxembourg-domiciled Ucits fund, managed by head of emerging market debt Brett Diment, is already available to UK investors but Aberdeen has been assessing whether there is sufficient demand for an onshore version. An Aberdeen spokesman says: “Emerging market debt is a growing area and we have a Luxembourg-domiciled vehicle that has a UK distribution share class, so investors already have access to our EMD expertise through that." The Oeic is expected to target a 6%-7% yield by investing in local and dollar-denominated sovereign and corporate debt. The Sicav currently yields aroun...

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