Equity Trustees gets responsible for Aberdeen
Equity Trustees (EQT) has struck a deal with Aberdeen Asset Management to provide responsible entity (RE) services for a range of the latter’s Asian equities funds.
Under the deal EQT will take on the RE services for Aberdeen’s Asian Equity Fund, China Opportunities Fund, Emerging Markets Fund and the Asia Opportunities Fund and is consistent with Aberdeen’s market strategy of developing and using niche expertise in each market in which it operates.
Aberdeen launched its own Asian equities funds to the Australian market earlier this year after operating them in offshore markets for a number of years.
The deal expands the manager line up for EQT which already supplies RE services to SG Hiscock, State Street Global Advisers, MIR Investment Management, K2 Asset Management, BNP Asset Management and Pimco.
Managed funds research house Assirt yesterday released its rating of the EQT Pimco alliance covering the Australian bonds, global bonds, diversified fixed interest, Global Credit Fund, Global Real Return and Extended Markets (Emerging Markets and High Yield) funds available to retail investors.
Assirt rated all the funds ‘very strong’ with the exception of the Global Credit Fund and Diversified Fixed Interest Fund which were rated ‘strong.’
AUTHOR
Jason Spits
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