Aberdeen MM MultiAsset Growth: Qual. Rating Issued

We like the team and process at Aberdeen Multi Manager Multi-Asset Growth but we don’t like its high fees.

Jackie Beard, FSI, 12 June, 2010 | 7:57PM
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We have published a new Morningstar Qualitative Rating and Research Report for Aberdeen Multi-Manager Multi Asset Growth.

"The TER of this fund, at 2.54%, is more than 100 basis points higher than the Morningstar Sterling Aggressive Balanced category median. We note the category contains both direct funds and funds of funds, and the latter are often more expensive. Also, this fund is fairly small right now, and fees often drop as assets increase. But we’re not confident this will be the case here, as several Aberdeen funds have expenses that are significantly above average, irrespective of asset size. We find this very disappointing, and we think the parent firm could do a better job of keeping costs under control..."

The full four-page PDF report can be accessed here. It is free to users of morningstar.co.uk.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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