Aberdeen Asset Management has launched its latest Ucits “alternative” fund that invests in equities but aims for less correlation with traditional markets.
The Aberdeen Alternative Diversified Equity Fund blends a portfolio of equity-related alternative strategies and offers investors “access to high quality alternative investment talent in a liquid and regulated vehicle”.
The minimum investment is $1 million (€947,000) and an unnamed German institutional investor has seeded the Ireland-domiciled fund.
Aberdeen’s hedge funds team led by Russell Barlow has constructed the portfolio using alternative Ucits investment managers.
The annual management fee is 0.6%.
Barlow said: “Finding ways to generate good returns with limited exposure to broad market movements has become a priority for many investors. Political and economic uncertainty has been causing notable market turbulence; and the risks look to be increasing rather than decreasing.”
Aberdeen’s latest launch follows on from the Aberdeen Alternative Strategies Fund in August 2015.
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