Aberdeen Emerging Markets Accumulation Shares
HL comment
Our view on this Fund
The Aberdeen Emerging Market Fund has been removed from the Wealth 150 list of our favourite funds for new investment.
Aberdeen is no longer seeking new investments into the fund. It has seen strong inflows over the last year, helped by its excellent performance, but manager Devan Kaloo believes it has now reached its optimum size.
Aberdeen believes that if the fund grew significantly bigger, it could compromise its successful investment approach. We therefore view the restriction of inflows as a positive move for existing investors in the fund, and do not believe investors need to take any action provided the fund still meets their objectives. Those investing monthly through the HL Vantage Service will be able to continue doing so and receive a 4.25% saving on the initial charge. If the situation or our views change, we will keep investors informed.
Investors looking to invest new money in an emerging markets fund could refer to the Wealth 150 for our favourite funds in this sector.
03-02-2012
Information from the fund manager
Simplified prospectus/Key Investor Information
Document
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
HL sector comment: Global Emerging Mkts
Our view on this sector
China remains the growth engine for much of Asia and the world. However, equally important countries such as India, Indonesia and those in South America have a lot to add. Indeed, Brazil's economy is poised to knock the UK out of sixth spot in the global GDP stakes, and China overtook Japan to assume second place earlier this year. Worries about a hard landing for the Chinese economy causing slower growth have dampened prospects in the region recently, but over the longer term, much growth is still to come from emerging markets and Asia. This remains a volatile sector, but is one of our favourite growth areas for the long term.
13-12-2011