Aberdeen Asset Management has launched a multi-asset growth fund focused on the emerging markets.

The Aberdeen Diversified Growth Fund invests across a wide spectrum of asset classes, with a bias towards fixed income and alternatives including property, with a typical low weighting to equities.

The fund has a strategic tilt towards the emerging market equity and debt markets, to capitalise on the shift in power from west to east, according to the asset manager.

Aberdeen, a respected emerging market fund management house, believes growth in Asia will continue and the investment bias reflects this.

The multi-asset fund, headed up by Mike Turner, Aberdeen’s head of global strategy and asset allocation, will mainly be invested across Aberdeen’s fixed income and equity teams. However, the manager does have the capability to allocate to external managers.

Turner says a diversified growth portfolio plays a ‘crucial and core’ role for investors with long-term saving goals.  

‘A dynamically managed portfolio incorporating equities, bonds, property and alternatives can provide strong returns whilst potentially limiting downside risk,’ he says.

He adds: ‘The important structural shift in the global economy from west to east is suited to Aberdeen with our experience and track record of investing in emerging markets. Investors should focus on where the growth is coming from within the diversified growth concept.’

The minimum investment is £500 and the annual management charge is 1.5 per cent.