This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Aberdeen Expands Global Fund Offerings, Launches Latin American And European Equity Funds

PHILADELPHIA, March 26, 2013 /PRNewswire/ -- Aberdeen Asset Management Inc. (" Aberdeen") today announced the launch of two new mutual funds:  Aberdeen Latin American Equity Fund (Class A Ticker: ALEAX ) and Aberdeen European Equity Fund (Class A Ticker: AEUAX).  

(Logo: )

"Aberdeen Asset Management has been investing in Latin American and European equities for nearly three decades and the strategies represent part of the firm's core competencies," said Gary Marshall, Aberdeen's Chief Executive.  "The launch of the new funds comes amid rising demand from Aberdeen's U.S. clients for global exposure at a regional level. Aberdeen is delighted to be able to expand our product offering and deliver these new strategies in the U.S."

The Aberdeen Latin American Equity Fund will be managed by the company's highly-regarded Emerging Markets Equity team, led by Devan Kaloo, Head of Global Emerging Markets Equities. By employing Aberdeen Asset Management's disciplined bottom-up equity investment process, the team will seek to achieve long-term capital appreciation by investing in equity securities of Latin American companies.

The Aberdeen European Equity Fund will be managed by Aberdeen's Pan European Equity team based in London, led by Jeremy Whitley, Head of UK and European Equities. Also employing Aberdeen Asset Management's bottom-up equity investment process, the team seeks to achieve long-term capital appreciation by investing in equity securities of European companies.

Devan Kaloo, Head of Global Emerging Markets at Aberdeen, comments:

"With the developed world facing anemic growth rates, high unemployment and continued government austerity measures, we believe investors need to look to the developing world for opportunities and growth. In this regard, we believe that the outlook for Latin America is compelling. In our view, the region benefits from improved economic fundamentals, vast natural resources, a significant pool of consumers with favorable demographics, low public debt, and financially strong companies.  We believe Latin America should not be overlooked in a well-diversified global portfolio.

"By employing Aberdeen's rigorous, bottom-up equity  investment process, we aim to identify  Latin American companies that meet our strict quality criteria and, in our view, are attractively valued and offer  prospects for long-term share price and dividend growth."

Jeremy Whitley, head of UK and European Equities at Aberdeen, comments:

" The crisis in the Eurozone has led many U.S. investors to avoid a European allocation. We believe that Europe as a whole is underappreciated and the time is right to gain exposure to strong global franchises by investing in quality European companies.  In our opinion, Europe possesses many quality companies with strong business models, quality management teams and extensive intellectual capital, which are supported by strong corporate governance models and robust legal frameworks. While European governments may be in poor financial health, we feel that investors can find high-quality companies at attractive valuations across Europe."

To learn more about the Aberdeen Latin American Equity Fund, visit: .

To learn more about the Aberdeen European Equity Fund, visit: .

Concentrating investments in the European or Latin American region subjects the Fund to more volatility and greater risk of loss than geographically diverse funds.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs