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Rating:Aberdeen to Add to U.S. Fund Line Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 05, 2008

Aberdeen to Add to U.S. Fund Line

by: Erin Kello

Aberdeen is planning to expand its line of funds for the first time since acquiring Nationwide's fund business last year. The deal closed earlier this summer. (see MFWire July 1, 2008)

The company has filed with the SEC to launch the Aberdeen Core Plus Income Fund and the Aberdeen Core Income Fund. A Shares of the funds will carry an expense ratio of 85 bps.

The Nationwide deal marked the expansion of Aberdeen into the actively managed U.S. fund business. Before the deal closed, the company's U.S. arm had advised three of its own closed-end funds and sub-advised two First Trust closed-end funds.  

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