Prudential partners with Aberdeen for multi-asset fund in Hong Kong

Aberdeen Investments has partnered with Prudential Hong Kong to offer the abrdn SICAV I – Diversified Income Fund through Prudential’s investment-linked assurance scheme. The fund utilizes an actively managed multi-asset portfolio, incorporating equities, bonds, and alternative investments such as listed infrastructure and real estate investment trusts.

The fund aims to provide a fixed monthly payout of 7% per annum. Aberdeen noted that the strategy seeks to address investor concerns regarding geopolitical uncertainty, persistent inflation, and market concentration in US technology stocks. By diversifying beyond traditional asset classes, the fund intends to maintain lower volatility than global equity markets.

Prudential Hong Kong stated that income-generating funds are a popular choice for clients under the New Capital Investment Entrant Scheme (CIES). This marks the first instance of an insurance company offering the fund’s fixed monthly distribution share class within the Hong Kong investment-linked assurance scheme.