Aberdeen Asset Management manages the following investment companies and Managed Investment Scheme.
| Aberdeen Funds | Managed Funds (unit trusts) |
|---|
| Aberdeen Leaders Limited | Aberdeen Asian Opportunities Fund |
| Aberdeen Australian Bond Fund |
| Aberdeen Australian Equities Fund |
| Aberdeen Australian Small Companies Fund |
| Aberdeen Cash Plus Fund |
| Aberdeen China Opportunities Fund |
| Aberdeen Core Plus Fund |
| Aberdeen Emerging Opportunities Fund |
| Aberdeen Financials Fund |
| Aberdeen Income Fund |
| Aberdeen International Equity Fund |
| Former Credit Suisse Funds | Managed Funds |
|---|
Aberdeen Wholesale Funds
(former Credit Suisse) | Aberdeen Actively Hedged International Equities Fund |
| Aberdeen Australian Fixed Income Fund |
| Aberdeen Balanced Fixed Income Fund |
| Aberdeen Capital Growth Fund |
| Aberdeen Cash Fund |
| Aberdeen Cash Enhanced Fund |
| Aberdeen Classic Series Australian Equities Fund |
| Aberdeen Classic Series Australian Small Companies Fund |
| Aberdeen Classic Series International Equities Fund |
| Aberdeen Diversified Fixed Income Fund |
| Aberdeen Fully Hedged International Equities Fund |
| Aberdeen Global Equity Fund |
| Aberdeen High Grade Bnd Fund |
| Aberdeen Inflational Linked Bond Fund |
| Aberdeen International Fixed Income Fund |
| Aberdeen Passive-Enhanced Australian Fixed Income Fund |
| Aberdeen Sustainable Income Fund |
Aberdeen Select Investment Funds
(former Credit Suisse) | Aberdeen Select Investment Actively Hedged International Equities Fund |
| Aberdeen Select Investment Australian Equities Fund |
| Aberdeen Select Investment Australian Small Companies Fund |
| Aberdeen Select Investment Capital Growth Fund |
| Aberdeen Select Investment Flexible International Equities Fund |
| Aberdeen Select Investment Sustainable Income Fund |
Aberdeen Private Investment Funds
(former Credit Suisse) | Aberdeen Private Investment Actively Hedged International Equities Fund |
| Aberdeen Private Investment Australian Equity Fund |
| Aberdeen Private Investment Australian Fixed Income Fund |
| Aberdeen Private Investment Australian Small Companies Fund |
| Aberdeen Private Investment Capital Growth Fund |
| Aberdeen Private Investment Cash Fund |
| Aberdeen Private Investment High Growth Fund |
| Aberdeen Private Investment International Fixed Income Fund |
| Aberdeen Private Investment Sustainable Income Fund |
| Aberdeen Private Investment Universal Equity Fund |
Investment companies and unit trusts are vehicles used for pooling investments to assist with diversification of risk for individual investors. An investment company does not normally issue new shares or buy-back outstanding shares to meet investor demand. A new investor in an investment company purchases shares on the stock market at a price at which another shareholder is willing to sell. A unit trust in contrast issues new units or buys back (redeems) outstanding units to meet buy and sell orders.
An investment company is also subject to company tax on investment income and capital gains and losses from its investment portfolio. A unit trust is not normally taxed on investment income or capital gains because it must distribute all taxable gains to its unitholders who are then subject to tax on these distributions on a personal basis.
Aberdeen Leaders Limited is listed on the Australian Stock Exchange and shares can be purchased and sold in the same way as any other listed share by placing an order with a stockbroker.
Applications for investment in Aberdeen's unit trusts are made by completing an Application Form attached to a current Product Disclosure Statement (PDS) for the relevant Fund. This should be presented to your financial planner or directly to Aberdeen Asset Management together with the accompanying payment. For all products, the application is processed on the same day if it is received by us by 2.00pm on a given business day, or the following business day if it is received after 2.00pm.
Please refer to the latest PDS for the relevant fund(s) you are interested in. Link back to Aberdeen Funds
Units are redeemed by submitting a written application to sell (redeem) units. The application must specify the name of the holder, name of the unit trust, number of units and the account number and be signed by the registered unit holder/s or their authorised agent. For all products (as stated above), the application is processed on the same day if it is received by the unit trust registry service by 2.00pm on a given business day, or the following business day if it is received after 2.00pm.
Please refer to the relevant PDS for information about limitations on redemptions. Redemption forms can be downloaded from this website.
Payment is usually made within 10 business days of the receipt and acceptance of the withdrawal request. There may, however, be delays for some larger redemptions depending on market liquidity.
For a fund, the NAV stands for the Net Asset Value per unit. The NAV is determined by adding the value of all investments valued at their market prices on the valuation date, less any identified costs, and dividing by the number of units currently held by investors. The market value of shares and bonds held in a portfolio is determined using the last quoted price on the day before valuation.
For an investment company, the NTA stands for the Net Tangible Assets per share. The NTA is determined by adding the value of all investments valued at their market prices on the valuation date, less any costs and taxes, and dividing by the number of shares issued by the company. The market value of shares and bonds held in a portfolio is determined using the last quoted price on the day before valuation.
When the unit trust accepts cash from the sale of new units or is required to raise cash to pay for the redemption of outstanding units the investment manager must normally purchase additional investment securities or dispose of such securities respectively. The purchase or disposal of these securities results in certain costs such as brokerage, and settlement and clearing costs. These costs must be borne by the investor making the purchase or sale of the units rather than all unitholders, in general. The difference in the quoted purchase and sale price for units therefore reflects the recovery by the fund of the costs involved in acquiring or disposing of investment securities in relation to the purchase or sale of units.
A mid-price per unit is also quoted. This normally falls half-way between the quoted sale and purchase prices of the units. The mid-price represents the actual net asset value per unit.
The NTA for Aberdeen Leaders Limited is determined at the end of each week and each calendar month.
The share price is published in the Australian Financial review on a daily basis or can be obtained from the Australian Stock Exchange's web site (http://www.asx.com.au). Use the stock symbol ALR for Aberdeen Leaders Limited.
The share price of Aberdeen Leaders Limited differs from the NTA because the share price reflects the demand and supply of shares in the investment company rather than the value of the investments held in the portfolio. In theory, the share price will closely reflect the NTA when supply and demand are in balance.
The unit prices of all Aberdeen trusts are determined on a daily basis. The daily schedule of unit trust prices is available on this site.
| Managed Funds | Frequency |
|---|
| Aberdeen Asian Opportunities Fund | Annually |
| Aberdeen Australian Bond Fund | Quarterly |
| Aberdeen Australian Equities Fund | Half-yearly |
| Aberdeen Australian Small Companies Fund | Half-yearly |
| Aberdeen Cash Plus Fund | Quarterly |
| Aberdeen China Opportunities Fund | Annually |
| Aberdeen Core Plus Fund | Quarterly |
| Aberdeen Emerging Opportunities Fund | Annually |
| Aberdeen Financials Fund | Quarterly |
| Aberdeen Income Fund | Quarterly |
| Aberdeen International Equity Fund | Annually |
It does. Under the plan dividends are reinvested on the market by Aberdeen over a period after the payment of the dividend. The shares granted in lieu of dividend are exchanged at the average purchase price paid for the share purchased in respect to the plan. Applications must be received by 4pm on the dividend record date to be eligible to participate in the Dividend Reinvestment Plan (DRP) for that dividend.
Shareholders may normally enter the plan by submitting a request in writing to the company share registrar:
Aberdeen Leaders Limited Share Registry
C/- Registries Limited
Level 7
207 Kent Street
Sydney NSW 2000
or telephone Aberdeen on 1800 636 888 to request a DRP Form.
They do. Unit holders can participate by indicating on their application form at the time they apply for the units in the Fund. Investors can change their preference at any time by sending or faxing the request to change to:
Aberdeen Asset Management
GPO Box 4306
Sydney NSW 2001
Fax: +61 2 9950 2800
If you need more information about our company or any of our products, please contact our client service team at:
Aberdeen Asset Management
Level 6 (Street Level)
201 Kent Street
Sydney NSW 2000
Mailing Address:
GPO Box 4306
Sydney NSW 2001
Tel: +61 2 9950 2888
Australia (toll free): 1800 636 888
New Zealand (toll free): 0800 446 439
Fax: +61 2 9950 2800
Email: client.service.aust@aberdeen-asset.com.au
Or use our Customer Enquiry Form