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Aberdeen to launch new FIF.

Bangkok Post (Bangkok, Thailand)

| August 03, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

Aug. 3--Aberdeen Asset Management will launch its foreign investment fund (FIF) from next Wednesday to Aug 31, a $10-million fund investing in Asian equity assets.

Deputy chief executive Robert Penazola said the fund would give Thai investors a good opportunity to improve returns and diversify risk away from the local market.

The new open-ended Aberdeen Asia Pacific Equity Fund will invest all assets in the $127-million Aberdeen Pacific Equity Fund, based in Singapore, which has generated average annual returns of 12.8 percent since it was established in 1997.

"The fund will invest in assets from 12 markets ...

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Source: HighBeam Research, Aberdeen to launch new FIF.

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