Aberdeen funds now available on mFund settlement service

Aberdeen Asset Management has announced that five of its funds are now available via the mFund Settlement Service.

The Aberdeen funds offered on the new service cover a range of asset classes – emerging market equities, Asian equities, global equities (including a hedged option) and diversified fixed income.

The mFund service will complement Aberdeen’s existing strategy which relies on advisers and platforms to distribute more than 20 funds to Australian investors.

Brett Jollie, Managing Director of Aberdeen Asset Management, said:

“Home bias among Australian investors is very strong, partly due to the ease with which Australian shares can be directly bought and sold. The introduction of the mFund settlement service, which allows retail investors to access managed funds in an efficient and cost-effective way, is a welcome initiative. We believe mFund will play a significant role in helping investors achieve greater diversification of their self-directed investments.

“The challenge for the investment community, including fund managers like Aberdeen, is to help investors understand the importance of having a diversified investment portfolio and the advantage of accessing a variety of asset classes, like fixed income and overseas equities, through a professionally-managed fund. Our efforts to promote Aberdeen’s funds into this new market segment will assist in meeting this demand for ongoing investor education.”

Ian Irvine, Head of Customer and Business Development, ASX said:

“The mFund Settlement Service provides an opportunity for investors to access a broader range of investment assets in a familiar way. This can assist in achieving greater diversification, which in turn can help to manage portfolio risk. ASX looks forward to working with Aberdeen and our other partners, and to continue to educate advisers and investors about the service and how it operates.”