London-based Aberdeen Asset Management has proposed to merge three of its equity multi-manager funds into its multi-manager equity managed portfolio.

In addition, the firm has proposed consolidating its multi-manager multi-asset distribution portfolio with its multi-manager UK income portfolio and multi-manager sterling bond portfolio.

The three funds proposed to be merged are the Aberdeen Multi-Manager UK Growth portfolio, the Aberdeen Multi-Manager International Growth Portfolio and the Aberdeen Multi-Manager Emerging Markets Portfolio.

If approved by investors, the proposals will create "larger on-going funds with critical mass to attract new investors", the firm said in a statement. Furthermore, the anticipated level of additional expenses should decrease, due to economies of scale.

“These proposals are in the best interests of clients and aim to consolidate our multi-manager range and create portfolios of critical mass. We are seeing interest in multi-manager funds with broader investment remits,” said Graham Duce, co-head of multi-manager funds.

Aberdeen manages assets of over £169 billion ($265 billion), as of 30 September.