The investment objective of Aberdeen Adventurous Managed Fund is to provide long term total return.
Global equities succumbed to another wave of selling in October, as the weakening financial system triggered further bank bailouts and liquidity injections. Eastern Europe's vulnerabilities were exposed after the IMF bailed out Hungary and Ukraine. Economies of the world appeared to be headed towards a synchronised recession: the US and the UK's third-quarter GDP shrank, while China grew at the slowest in five years.As growth concerns outweigh inflation worries, central banks, including those in Europe and Japan, made unprecedented coordinated interest rate cuts. During October, we sold Premier Foods due to balance sheet concerns after extensive due diligence, as well as Portugal Telecom. Conversely, we bought Japan's robotics manufacturer Fanuc, which is seeing strong demand; UK miner Rio Tinto; and UK-listed Standard Chartered.
The volatility in financial markets has been driven by panic and fund redemptions. We believe that markets may overshoot, and we are ready to buy quality companies at attractive prices.
Latest Price | 413.91p | IMA Sector | Global |
---|---|---|---|
Currency | British Pound | Launch Date | 01/09/1983 |
Fund Size | n/a | Fund Manager | Global Equities Team |
ISIN | GB0031682403 | Dividend | 0.00p |
Date | 30-Oct-2024 |
---|---|
NAV | 413.91p |
Currency | GBP |
Change | -0.54p |
% | -0.13% |
YTD change | 33.84p |
YTD % | 8.90% |
Fund Inception | 01/09/1983 |
---|---|
Fund Manager | Global Equities Team |
TER | - |
Minimum Investment | |
---|---|
Initial | £500 |
Additional | £100 |
Savings | £50 |
Charges | |
---|---|
Initial | 4.25% |
Annual Mang't | 1.50% |
Exit | n/a |
Name | % |
---|---|
Standard deviation | 0.02 |
Sharpe ratio | 0.04 |
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