Aberdeen Asset Management is to merge away five funds formerly managed by Scottish Widows Investment Partnership (SWIP) as it continues to rationalise its range.
The move will see one US fund, one global product, one European portfolio and two UK equity funds formerly run by SWIP merged away on 10 July, subject to shareholder approval. The five mergers, while not representing the end of Aberdeen's fund range restructure, do represent an acceleration of the rationalisation programme, 13 months on from the completion of its £650m acquisition of SWIP. The changes follow the rebrand of the SWIP range late last year, and a handful of previously-announced mergers and closures. Should approval be granted, the latest proposals will see the £79m Abe...
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