Aberdeen Asset Management’s multi-manager team has removed Blackrock’s U.K. Absolute Alpha fund from the Diversified Alpha portfolio, Investment Week reports. Diversified Alpha fund was renamed from Multi-Asset Growth in May 2011.

The fund, which still sits within the balanced managed sector, has been put into a total return mode. The change has been made as the fund has delivered 7% in one year compared with the average return of 12.5%.

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