In total this amounts to £2.9bn assets, £2.2bn of which is invested in Pan-European portfolios and £0.6bn in global equity portfolios. The remaining fraction is invested in portfolios across the Americas.
“We are delighted these funds and mandates have been successfully transferred across to the Aberdeen equity platform. We welcome the opportunity to apply our long-standing, fundamentally-driven, bottom-up investment process across these portfolio,” group head of equities at Aberdeen Hugh Young said.
Aberdeen managed £104.4bn active equities prior to the migration. The former SWIP protfolios will be managed by relevant global and regional teams at Aberdeen.
Managing director at Bestinvest, Jason Hollands, said that the transfer should be welcomed by investors in these funds and mandates.
“Aberdeen has a much stronger track record in active equity management. It also has a well demonstrated approach to integrations: they will keep acquired capabilities they don’t currently have, but otherwise assets will be bolted-on to their existing platform,” he added.
The £550m deal, which was announced last November, has seen Aberdeen overtake Schroders as Europe's biggest asset manager.
