Aberdeen Asset Management has indicated an interest in entering the ETF market for the first time, which would mark a move away from actively managed funds for the group.
According to the Financial Times, a spokesperson for the company said it was "looking at" entering the passive market, which drew $338bn of net assets in 2014, and $319bn in the first 11 months of last year. The paper quotes the spokesperson saying the move, if it goes ahead, will be a gradual one, taking place over the next five years. The firm would be likely utilise the expertise of quantitative investment teams that joined it through the purchase of Scottish Widows Investment Partnership in 2014. This potential development follows a string of acquisitions by the company, after ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
