Aberdeen EM Smaller Cos trust to overweight domestic growth

The Aberdeen Emerging Markets Smaller Companies trust will be overweight domestic growth stocks when it launches next month.

The group said 75% of the trust will be invested in companies that are leading franchises in their respective emerging markets. Last week Aberdeen said it aimed to raise £150m for the UK’s first listed EM smaller companies trust. Mark Gordon-James, senior investment manager on Aberdeen’s GEM team, said the group will look to mirror the success of its open-ended Aberdeen Global Asian Smaller Companies fund, headed up by Hugh Young. The fund tops the Asia ex Japan sector over three years, returning 113.8% compared to the sector average of 46.2%, according to Morningstar.  “We have...