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.
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