Aberdeen Emerging Markets has announced that it has entered into a one year unsecured multicurrency revolving loan facility, with The Royal Bank of Scotland, for an amount of £25 million. It says that the facility is for general working capital purposes and for the acquisition of investments in accordance with its investment policy.
About Aberdeen Emerging Markets
Aberdeen Emerging Markets Investment Company (formerly Advance Developing Markets : ADMF)’ investment objective is to achieve consistent returns for Shareholders in excess of the MSCI Emerging Markets Net Total Return Index in Sterling terms. Aberdeen Emerging Capital invests in a portfolio of funds and products which give diversified exposure to emerging market economies and those of the Pacific Rim. The Investment Manager does not seek to replicate the Benchmark’s geographical distribution. The Company’s geographic asset allocation is derived from the Investment Manager’s analysis of prospects for regions and countries and of the underlying opportunities for investment.
Aberdeen Emerging Markets agrees a new £25m revolving loan facility : AEMC