Thread: Aberdeen Assets

Has anybody ever used Aberdeen Assets?

I read that they are opening The Aberdeen European Growth Fund IPO

Has anybody had any experience with them?

Would it be wiser to use their UK side or the Thai side?

Any ideas if I can invest in this fund from the UK or do I have to take my money here?

^ Fcuking hell. All the 'financial advisers' working out of grotty offices all over town would love to have your phone number.

Let me guess... are they offering 120% or 130% return on your money in a year?

they are ok. Poor performance though and a bit expansive management. But they all are.

They quote 1.5% management fee which seemed a bit steep. However I have no idea what an average fee is.

I thought they were a Hong Kong based fund, though, I could be wrong.

^ I think they are reselling some here through local channels, mostly local brokers and maybe some banks. I have seen them advertised some funds in the Bangkok Post before. Not sure if they were successful or not, as mutual funds buying is not really in Thai mentality yet.

Not sure if their funds are loaded though. It might be. Usually they are, but they hide the costs somewhere.

Aberdeen is a long-established UK fund manager, with an excellent track record. They are probably more associated with investment trusts than unit trusts in the mind of the average investor. They have a strong Asian focus, with broad Asian funds, and an interesting investment trust investing in Thailand (Aberdeen Thai New Dawn).

For a unit trust, a 1.5% p.a. management fee is pretty standard for equity funds. (Fixed income funds are usually a little lower.)

I haven't done any research on this, but I'm guessing that the Thailand offering is a wrapper around the exisiting UK-based Aberdeen European Growth Fund, which is an OEIC (the successor to Unit trusts). Morningstar gives the fund a 3* rating, which is about average. Last year it returned 21.9%, and over the last three years it has averaged 17.6% each year.

If I'm right about its being a wrapper, you would probably be better off investing in the exisiting UK version, provided you can prove your UK identity. And rather than buying directly from the fund manager, you should buy through a wrap account (e.g. Fidelity FundsNetwork, CoFunds, Hargreaves Lansdown Vantage) since this will reduce initial charges dramatically.

^
Good answer

Here is a list of their selling agents in Thailand

SellingAgents - How to Invest - Thailand - Aberdeen Asset Management

City punishes AAM after assets fall

SHARES in Aberdeen Asset Management fell 4 per cent last night as the City seemed less than impressed with the group's latest trading statement.
18th November 2006

Source : Scotsman.com Business - Aberdeen Asset Management

Originally Posted by Thetyim

City punishes AAM after assets fall

SHARES in Aberdeen Asset Management fell 4 per cent last night as the City seemed less than impressed with the group's latest trading statement.
18th November 2006

Note that the fall in the price of shares of the management company is pretty well unrelated to the performance of the funds they manage. Management companies tend to do well by charging high fees and making big profits by exploiting investors. Aberdeen doesn't really fall into this category.

For LTFs Aberdeen has been at the front of the pack. With a 20-40 percent tax break ( depending on your income level), you can reduce your tax load with your investment.

I found that the Service is good, their English is excellent and the fees are average. Of the foreign investment companies there are the top of their class. Bangkok Bank is about the only one that consistantly out preforms them in Thai stocks and mutual funds.

yea...they have 'wrapped' the skytrains in bkk with their advertising too...

Originally Posted by Oswulf

And rather than buying directly from the fund manager, you should buy through a wrap account (e.g. Fidelity FundsNetwork, CoFunds, Hargreaves Lansdown Vantage) since this will reduce initial charges dramatically.