Bangkok--17 Mar--Aberdeen
Aberdeen launched a new fund “Aberdeen India Growth Fund (ABIG)”investing in listed companies in India’s stock market. The fund receives a great acceptance from investorswith registered total sales of more than THB 359.10 million during IPO period, February 28-March 14, 2011.
The fund is the latest in the company’s FIF range and brings the number of such funds in the company’sstable to eight.Mr. Chaikaseam Vadhanasiripong, Head of Funds Distribution, Thailand, said: “It’s an opportunity for Thaiinvestors to invest in listed companies in India’s stock market through “Aberdeen India Growth Fund (ABIG)as we see that India has an impressive continuous economic growth, India is economic super power andrising to the world’s economic center. Huge population and rapid labor force growth supporting expansionof middle class results higher demand for commodities as well as goods and services. Strong economicfundamentals with domestic-led economy, supportive demographics and a healthy banking systemunderpin ambitious 8-10% growth target for next few years. In addition, further deregulation is expected toencourage greater foreign investment and competition.”
Aberdeen is thankful to all investors who participated in Aberdeen India Growth Fund. For those who
missed out, the fund will be re-opened on March 23, 2011.
About Aberdeen Asset Management Group
Aberdeen Asset Management manages over US$ 284.34 bn* of third party assets from its offices aroundthe world. At Aberdeen, asset management is our sole business. We operate independently and onlymanage assets for third parties, allowing us to focus only on their needs, without conflicts of interest. Ourclients access our investment expertise across the three asset classes: equities, fixed income andproperty. We package our skills in the form of segregated and pooled products across borders. We investworldwide and follow a predominantly long-only approach, based on fundamentally sound investments —we do not chase market fads.
*Data as of end Jan 2011
For more info, please contact
Chananthima Pinngoen Tel. 0-2352-3382
Head of Marketing
Natt Pongtanakorn Tel. 0-2352-3384
Marketing Communications Executive