Aberdeen unveils Global Diversified Growth Fund

KUALA LUMPUR, April 17 (Bernama) -- Aberdeen Asset Management Sdn Bhd today launched its first diversified multi-asset strategy in Malaysia through the Aberdeen Global Diversified Growth Fund.

The feeder fund, which invests in a Luxembourg-domiciled fund, is available through intermediaries for sophisticated investors in Malaysia and is currently distributed by Standard Chartered Bank Malaysia Bhd.

In a statement, Country Head for Malaysia, Gerald Ambrose, said Aberdeen's approach to multi-asset allowed investors to build diversification into their overall investment portfolio in a simple turnkey way.

"The Luxembourg-domiciled fund's wide diversification compared with its peers, emphasis on low volatility and avoidance of complex derivatives will be especially attractive to sophisticated investors looking to generate long-term growth while protecting their portfolios in times of market stress," he said.

He said it also provided access to unique investment areas such as catastrophe bonds, aircraft leasing and corporate loans, which were typically accessed via closed-end structures.

"The psyche of the Malaysian investor is evolving rapidly and there is an increased and more sophisticated demand for assets beyond equities and bonds.

"The market, however, can be complex and volatile. We are here to enable our clients to harness the benefits of genuine diversification and flexibly navigate through complexities with a simple and effective multi-asset strategy," Ambrose said.

Aberdeen Asset Management Sdn Bhd is wholly-owned by Aberdeen Asset Management plc, which in turn is held by Standard Life Aberdeen plc, a leading global investment company.

-- BERNAMA