Aberdeen Asset Management has rolled out the Aberdeen Emerging Markets Debt Local Currency Fund. The new fund is handled by Aberdeen’s emerging market debt team, headed by Brett Diment. The fund is looking to provide long-term total returns by investing at least two-thirds of the portfolio assets in fixed income securities denominated in the local currencies of emerging markets. The increase in emerging market local currency debt market has reduced the dependence on external financing, according to Aberdeen.
Click here for the release from Business Wire.