Standard Life and Aberdeen Asset Management have today completed their merger to become Standard Life Aberdeen plc. The combined group is now the UK’s largest active asset manager, and the second largest in Europe, with £670 billion of assets under management.
The groups believe their fund ranges are complementary and their combined resources will give investors access to a wider range of funds. The merger is also expected to result in cost savings, as well as create a larger business in a strong financial position. Scale can help keep costs down for fund groups and help deliver more competitive fund pricing. Over the longer term we hope to see some of the cost savings passed on to investors via reduced costs on the group’s funds.
In the short term we expect it to be business as usual for investors in Standard Life and Aberdeen funds. That said, periods of change or disruption can be unsettling for fund managers, so we will monitor the situation closely on behalf of our clients.
A number of Aberdeen and Standard Life funds currently feature on the Wealth 150 list of our favourite funds across the major sectors. At present we continue to view these as high-quality options for investors, though we remain in close contact with the fund managers and will inform investors if our views change.
Aberdeen Latin American Equity
Standard Life Global Smaller Companies
Standard Life UK Equity Unconstrained
Standard Life UK Smaller Companies
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