swip

Where now for bonds?

Aberdeen Asset Management's purchase of SWIP has landed it with the largest number of products in Chelsea Financial Services' latest underperforming fund rankings - but it has avoided inclusion in the firm's 'DropZone' list.

Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.

Investors turned their backs on Aberdeen Asset Management this morning after it reported net outflows of almost £9bn in the third quarter of its financial year, with the stock keeping a lid on gains made by the wider index.

Former SWIP duo Mark Harries and Simon Wood are to take over the Aberdeen multi-manager range as Aidan Kearney exits and Graham Duce moves to the multi-asset team, Investment Week can reveal.

Property fund managers are assessing ways to mitigate the potential impact of soaring inflows as the sector becomes increasingly popular with investors.

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Aberdeen Asset Management has promoted Siddharth Dahiya to the newly created position of head of emerging market corporate debt following the departure of Esther Chan from the group.

EFG Asset Management is set to launch an M&A tracker fund led by global chief investment officer Mozamil Afzal, together with head of equity research Robin Milway.