Aberdeen Asset Management adds to the high performance liaison team

Aberdeen Asset Management has appointed Ben Pakenham as credit analyst and his team of bond portfolio highly regarded high yield Manager.

Statement by Paul Reed, head of European High Yield Aberdeen, that Pakenham will focus on the research of credit work and also help to manage the range of portfolios of high-performance group. Pakenham from its junction Henderson Global Investors, where he was Director of the Henderson Extra monthly Income Bond Fund and co-manager Henderson monthly income that is high efficiency and monthly income fund fixed interest. He previously worked at New Star Asset Management, joined in 2005.

Paul Reed, head of European High Yield Aberdeen, commented: "Ben appointment further strengthens binding for yield high Aberdeen.". With rates likely to remain relatively low, obligations of high performance will remain attractive to investors looking for income. However, given the uncertain macro environment, it is essential to have the resources to identify companies able to adverse weather conditions. We remain convinced that a process of placement of ascendant, focusing on rigorous, internal research, will be the key to the conduct of the total yield.

Earlier this month old broad Street (OBSR) research has awarded the momentum recently Aberdeen High Yield Bond Fund with a "AA" rating which is also the rating OBSR held by Global Aberdeen - European High Yield Bond Fund. OBSR commented: "the Fund is managed by the European team High Yield of Aberdeen, led by Paul Reed immense experience." Long-term investment approach, bottom-up established seeks to provide income for investors by investing in bonds with generous income yields, often subordinate to the structure of the capital of the issuer, where the team is comfortable with the prospects in the long term of the credit of the company.

"This approach should deliver a certain volatility total performance, but his style has given solid results over the long term." We believe that the approach to be robust and the Fund should appeal to investors seeking a high efficiency, as long as they are aware of the team's long term investment horizon and the potential of volatility '.

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