The Indirect Cost Ratios (ICRs) for the Aberdeen Funds for the year ended 30 June 2017 are disclosed in the attached article.
An ICR is used to calculate the management cost of investing through a managed fund, compared with investing directly in the underlying assets of a Fund.
These ICRs update the ICRs disclosed in the current Product Disclosure Statement for each Aberdeen Fund.Read article
Aberdeen Asset Management Limited, as responsible entity of our range of registered schemes (Funds) intends to elect, with effect from 1 July 2017, to shorten the maximum period by which an exit statement must be given in respect of our Funds from six months to three months from the date an investor ceases to hold the product. The election, which will be made as soon as practical after the Australian Securities and Investments Commission formally amends Class Order 14/1252 to give effect to its in-principle decision to grant relief, is a condition of relying on the relief. The effect of this election is that exit statements given to members who exit a Fund between 1 July 2017 and 30 September 2017 will not contain information about fees and other costs that are compliant with ASIC's disclosure requirements set out in the Class Order and in its regulatory guidance regarding the Class Order. As such, the information about fees and other costs set out in these periodic statements may be calculated on a different basis to the basis used for disclosures in Product Disclosure Statements for those Funds that have been updated to comply with the Class Order and associated ASIC guidance. All periodic statements, including exit statements, in respect of all of the Funds will comply with the requirements of the Class Order and ASIC guidance for reporting periods ending on or after 1 October 2017. Any update to the terms of the election, or the dates set out above, will be published on this website.
If you require further information, please contact your financial adviser or the Aberdeen Client Service team on 1800 636 888 (Australian investors toll free) or +61 2 9950 2853 (if calling from outside Australia). Alternatively you may wish to email us at firstname.lastname@example.org
There are new reporting requirements for accounts held in the Funds from 1 July 2017. The CRS is an OECD led framework to tackle and deter cross-border tax evasion. The CRS creates an international standard of due diligence and reporting rules for Financial Institutions to identify the accounts of foreign tax residents, and report certain information regarding the foreign tax resident account holder (and in the case of certain entities their controlling persons) to its local tax authority.read more
A new tax system for managed investment trusts has been enacted. A key feature of this new system is that a managed investment trust can elect to become an AMIT. The AMIT regime seeks to improve the operation of the taxation law for managed investment trusts by increasing certainty, allowing greater flexibility and reducing compliance costs.read more
Aberdeen is making some changes to the Aberdeen Income-Focused Bond Fund ARSN 092 789 083 (‘the Fund’) on 1 April 2017.read more
The compliance plan auditor has changed for some Aberdeen funds.read more
Aberdeen (‘we’, ‘us’) receives a management fee for managing the assets of the Aberdeen Diversified Fixed Income Fund (‘the Fund’). The management fee is paid from the assets of the Fund and is reflected in the unit price.
We are pleased to advise that we have reduced the management fee for the Fund.
From 1 December 2016 the management fee will be 0.45% pa (down from 0.60% pa).
The latest Standard Risk Measure (SRM) for each Aberdeen fund is detailed in the attached article. The SRM for each Aberdeen fund is calculated based on industry guidance to allow investors to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period.read more
We would like to advise that we are making some changes to the Aberdeen Multi-Asset Income Fund (‘the Fund’) from 1 August 2016.
The changes will be incorporated in the forthcoming Product Disclosure Statement for the Fund dated 1 August 2016.
The Aberdeen Multi-Asset Income Fund (ARSN 088 906 585) and Aberdeen Multi-Asset Real Return Fund (ARSN 088 905 471) (‘the Funds’), are classified as hedge funds in accordance with the Australian Securities and Investments Commission Regulatory Guide 240 ‘Hedge funds: Improving disclosure’ (RG240).
RG240 requires that Aberdeen Asset Management Limited, as Responsible Entity of each Fund, provide unitholders with extra information about each Fund on an annual basis.
Please click through to the fund factsheet to view the extra information for each Fund.