Aberdeen multi-managers ditch Martin Currie's Walker

Aberdeen's multi-manager team have sold out of their position in Tom Walker's £677m Martin Currie North American fund and made a string of changes to their Ethical portfolio.

The team have introduced the Brown Advisory US Growth fund to the £90m MM Constellation portfolio, a 5% weighting which replaces a 4.3% holding in the Martin Currie North American fund. "Tom Walker has had a difficult time with his bias towards commodities and consumers", said co-head of multi-manager Graham Duce. "We did hold quite a bit in his fund quite a while ago, but have been trimming that and have now sold out completely within Constellation". The US Growth fund has also been introduced into Aberdeen's £29m MM International Growth portfolio. The team has pared its holding in t...