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Aberdeen moves to stem GEM flows with 2% initial charge
by Sarah Miloudi on Feb 08, 2013 at 08:46
Aberdeen said the difference in dates is due to regulatory requirements, and John Brett, the firm's head of distribution, added he was hopeful the change would have the desired effect.
'Further inflows, if unchecked, will give rise to liquidity issues which may in time result in the investment team being forced to compromise its investment process, resulting in the introduction of lesser quality companies,' he said.
'The team remains committed to its investment philosophy and will only introduce new stocks to the portfolio when they have been fully researched in accordance with Aberdeen’s group-wide equity process and the team is satisfied that they meet our quality standards. To do otherwise would not be in the best interests of investors in the funds.'
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