AAM goes socially responsible
ABERDEEN Asset Management has raised $60 million (£29.1m) in seed capital investment for the launch of a new worldwide equity fund.
The Aberdeen Global - Responsible World Equity Fund is a sub-fund of Aberdeen Global, a Luxembourg-domiciled open-ended fund.
It has been launched in response to increasing demand for socially responsible investment (SRI). The fund will be managed by Aberdeen's global equity team, led by Stephen Docherty. The 11-strong team manages more than $1 billion in SRI segregated mandates and pooled funds, including the top-performing, UK-domiciled Aberdeen Ethical World Fund.
The fund will aim for a long-term return by investing in an international equity portfolio.
The full article contains 116 words and appears in The Scotsman newspaper.
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Last Updated:
29 October 2007 9:35 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Aberdeen Asset Management
