PHILADELPHIA, March 22, 2012 /PRNewswire/ -- Aberdeen Asset Management Inc. announced the launch of the Aberdeen U.S. High Yield Bond Fund as a continuation of the strategic initiative to deliver Aberdeen's core investment competencies to the U.S. retail and institutional markets. The new fund, managed by Aberdeen's U.S. High Yield team, allows investors the opportunity to diversify their portfolios with access to higher-yielding alternatives available in today's investing environment.
"With few higher-yielding alternatives currently available, it's no surprise that there is such a strong demand for high-yield bonds," comments Keith Bachman, Aberdeen's Head of U.S. High Yield. "Spreads are well above where we would expect them to be given the muted default outlook over the next few years, creating what we believe is an attractive entry point for investors."
Gary Marshall, Chief Executive, comments, "We are pleased to provide U.S. investors with a fund that complements Aberdeen's existing range of fixed income capabilities with exposure to Asian, developed and emerging markets."
The objective of the Aberdeen U.S. High Yield Bond Fund is to maximize total return through current income and capital appreciation by investing primarily in bonds of U.S. issuers that are, at the time of investment, below investment grade. Aberdeen's U.S. High Yield team has managed assets in this strategy for non-U.S. investors since November 1, 2006.
In conjunction with the Fund launch, Aberdeen published the whitepaper, "Benefits of Long-term Allocation to U.S. High-yield Securities," which is available at http://www.aberdeen-asset.us/aam.nsf/usretail/mutualfixedUSyield
About Aberdeen Asset Management
Aberdeen Asset Management PLC, the parent company of Aberdeen Asset Management Inc., is an independently‐run asset manager listed on the London Stock Exchange since 1991, and operating from 30 offices in 23 countries (the "Group"). The Group invests on behalf of institutional and wholesale clients, primarily in equities, fixed income, alternative investment strategies and property. The Group manages more than US$270.3 billion of assets for both institutions and private individuals as of December 31, 2011.
"Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.
The above is for information purposes only and should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein. AAMI does not warrant the accuracy, adequacy or completeness of the information and materials contained in this document and expressly disclaims liability for errors or omissions in such information and materials.
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase) and call (some bonds allow the issuer to call a bond for redemption before it matures).
The Fund's investments in high-yield bonds and other lower-rated securities will subject the Fund to substantial risk of loss.
Derivatives are speculative and may hurt the Fund's performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the derivative is linked changes in unexpected ways.
Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. Please call 866-667-9231 to request a prospectus that contains this and other information about the fund, or download a prospectus available at www.aberdeen-asset.us. Please read the prospectus carefully before investing.
Investing in mutual funds involves risk, including possible loss of principal. Aberdeen Funds are distributed by Aberdeen Fund Distributors LLC, Mellon Bank Center, 1735 Market Street, 32nd Floor, Philadelphia, PA 19103, Member FINRA and SIPC. Past performance is no guarantee of future results.
SOURCE Aberdeen Asset Management Inc.