Aberdeen To Float Two Bond Funds

Aberdeen Asset Managementis launching two funds focusing on emerging market and high yield,Citywirereports. TheAberdeen Emerging Markets Bondfund will be the U.K. version of its existing Luxembourg Sicav. It will be a fund of both local currency and dollar-denominated bonds and access both sovereign and corporate debt.

TheAberdeen High YIeld Bondfund will be mirrored on the Luxembourg-domiciled fund of the same name and will seek to pay a monthly income. The emerging market bond fund will be managed byBrett Diment, while the high yield bond fund will be run byPaul Reed.

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