Former Credit Suisse funds pick up four-star rating following Aberdeen transition
Five former Credit Suisse managed international equities funds that were acquired by Aberdeen have picked up four-star ratings from Standard & Poor’s (S&P).
The funds had been ‘on hold’ as a result of the change in management. The funds have transitioned from Capital International, the investment manager of the Credit Suisse International shares fund, to Aberdeen Asset Management.
The funds will now assume the same portfolio positions as the original Aberdeen International Equities Fund and the underlying stock selection will be managed accordingly, a statement from S&P said.
“Aberdeen has kept the currency management in line with the original Credit Suisse funds, so there will be an unhedged, a fully hedged and an actively hedged fund,” S&P analyst Simone Arblaster said.
S&P is comfortable with the capability of the Aberdeen currency team, which is based in Singapore.
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