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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