Bangkok--Jul 18--Branded The Agency
Rising demand for fast-growing Aberdeen Long-Term Fund (ABLTF), which delivered 17.61 percent rate of return since inception*, has prompted Aberdeen Asset Management Co., Ltd (“Aberdeen”) to launch at least two more funds this year, a senior executive at Aberdeen Asset Management Co. said.
Aberdeen’s unique investment process and its sound investment decisions have attracted a constant flow of investors into the ABLTF, a fund which invests in stocks with strong fundamentals, large market capitalization, and proven track records of dividends and reasonable valuations, said Robert Penaloza, Deputy CEO at Aberdeen in Thailand.
The ABLTF’s year to date 11.50 percent rate of return* has significantly outperformed the market average, and that strong performance helped Aberdeen top fund sales** at the recent LTF Fair at the SET on 1st-3rd July 2005. The fund has assets of 213 million baht as of 30th June 2005 date.
“At Aberdeen we are constantly striving to deliver world class quality products to investors, and we are pleased to inform that Aberdeen is in the process of getting approval from the SEC for an Asia ex Japan Foreign Investment Fund (FIF)” said Penaloza, who added “this FIF is one of our best in class products and will offer investors diversification and exposure into the region’s capital markets”.
“Aberdeen has provided a wide range of funds for various types of clients. Investors should set aside an appropriate proportion of their money to invest with capable managers that offer funds that suit their risk-taking preferences,” Penaloza said.
The Aberdeen Group managers US$ 48.02 billion assets worldwide and lists its operations in London and Singapore Exchanges. The Group has 78 fund managers with 26 branches around the globe.
*Calculate based on AIMC standards.
**AIMC Summary of Assets Raised at the LTF Grand Sale during 1st-3rd July 2005.
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