Aberdeen Asset Management has postponed its plans to launch the Aberdeen Emerging Markets Smaller Companies Trust, FundWeb reports. The move comes as the firm was unable to raise £150 million for the emerging markets small companies fund.
The fund may now be launched later this year. The trust, which was initially planned to be listed in June, will be managed by Devan Kaloo, head of global emerging markets and Mark Gordon-James, senior investment manager on the global emerging markets equities team, adds Reuters.
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