Aberdeen introduces fund for provident funds
Play
Aberdeen Asset Management is introducing the provident fund business this year through Aberdeen Master Pooled fund which allows provident fund members to choose investment plans that suit their own risk profile.
In a statement, the firm said that the pooled fund will then feed the investment into Aberdeen's own mutual funds that are already well known to investors.
" We believe that proper asset allocation between equities and bonds should generate better return in the long term than the investment in bonds alone. Given the inflation pressure and the longer life expectancy, provident fund members will have to look after their investment for the retirement purpose. Thus, employee's choice via Aberdeen Master Pooled Fund will be the better way for provident fund members to take control of their financial future," the company said.
