Aberdeen Global Funds - Aberdeen Asset Management

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Hedged Share ClassesAs with the existing Euro, Sterling and US Dollar hedged versions of Class A, Class I and Class Z Shares, the further hedgedversions of Class A, Class I and Class Z Shares and the hedged versions of Class C Shares, the charges will be the same as theunderlying Class A, Class C, Class I or Class Z Shares of the relevant sub-fund.Changes to Existing ChargesFor existing Share Classes for each of the sub-funds, your Board of Directors proposes to retain existing management fee levelswith the exception of the investment management fees for:1. Class A, Class B (where they exist) and Class D Shares of Aberdeen Global – Emerging Markets Fund.2. Class A and Class D Shares of Aberdeen Global – High Yield Bond Fund3. Class I Shares of Aberdeen Global – High Yield Bond FundFor Aberdeen Global – Emerging Markets Fund, your Board of Directors proposes to increase the investment management feefor Class A, Class B (where they exist) and Class D Shares from 1.50% of the Net Asset Value (as defined in the Prospectus) to1.75% with effect from 1 October 2008.For Aberdeen Global – High Yield Bond Fund, your Board of Directors proposes to increase the investment management fee forClass A and Class D Shares from 1.25% of the Net Asset Value (as defined in the Prospectus) to 1.35% and for Class I Sharesfrom 0.75% to 0.85% with effect from 1 October 2008.The investment process that is employed in the management of the Aberdeen Global sub-funds involves skills of analysis thatare highly specialised and require considerable training and experience. For Aberdeen Global – Emerging Markets Fund, theInvestment Manager undertakes its own proprietary research which includes in particular regular investment research visits toeach of the countries in which the sub-fund may invest, and meetings with each of the companies in which the fund invests,or might invest. The Investment Manager will only invest in a company after it has met that company's management andanalysed its business first hand. The Investment Manager believes that this discipline is particularly important for investmentin emerging markets where standards of corporate regulation and financial reporting vary and the risks (and rewards) arerelatively high. Similarly, for Aberdeen Global - High Yield Bond Fund, the Investment Manager places considerable emphasison in-house credit analysis and on ensuring that the portfolio of investments is diversified and balanced across a wide range ofindividual holdings to avoid over-exposure to any one credit risk. As at end January, the Aberdeen Global - High Yield BondFund had just under 100 holdingsThe costs of undertaking these disciplined approaches in such specialist asset classes are high and rising; however, the resultsare evident in the performance of the funds. From launch in June 2003 to end January 2008, the Aberdeen Global – EmergingMarkets Fund has returned some 32% per annum on average and over the five year period ended 31 January 2008, theAberdeen Global - High Yield Bond Fund has returned some 11% per annum on average, placing each fund well ahead of similarfunds marketed by competitors. Investors are reminded that past performance figures quoted are not indicative of futureperformance. The figures 1 are calculated based on net asset values: US Dollars in the case of Aberdeen Global – EmergingMarkets Fund and Pounds Sterling in the case of Aberdeen Global - High Yield Bond Fund.Accordingly, your Board of Directors proposes to increase the management fee on Class A, Class B and Class D Shares ofAberdeen Global – Emerging Markets Fund from 1.50% to 1.75%, on Class A and Class D Shares of Aberdeen Global - High YieldBond Fund from 1.25% to 1.35% and on Class I Shares of Aberdeen Global - High Yield Bond Fund from 0.75% to 0.85%.These increases can only be effected on two month’s notice having been given to shareholders. You may, of course, switchyour investment to another sub-fund in the Aberdeen Global range or, redeem shares if you wish. This may be undertakenfree of any redemption charges (except any remaining Contingent Deferred Sales charge for B shareholders) until 30September 2008.Directors’ Fees and ExpensesYour Board of Directors propose to provide for the payment of fees to those Directors who are Connected Persons (as definedin the Prospectus). The fees will be paid at the rate determined by Aberdeen Global at its Annual General Meeting to theseDirectors for the provision of their services in the same way as they are to all other Directors. The Custodian has consented tothe payment of these fees.Changes to Fund Names and Investment ObjectivesInvestors should note that the names of most sub-funds and the investment objectives of all sub-funds will change. Themajority of these changes result from a review of all fund names and objectives carried out by your Board of Directors with aview to providing consistency across all sub-funds and which should enable all sub-funds to be authorised for sale inSwitzerland.For those sub-funds already authorised for sale in Switzerland, the Swiss regulator had requested a review be carried out sothat the sub-fund names and objectives reflect current guidelines and the changes across all sub-funds reflect these guidelines.Details of the specific changes and the rationale for each change are provided in Appendix A. The attention of investors isparticularly drawn to the terms of Appendix A. The changes will take effect on 1 October 2008.1 Source: Lipper3
Total Expense RatiosWith the exception of the changes to the investment management fees referred to above, there should be no adverse effecton the total expense ratios of the existing sub-funds as a result of the changes set out in this letter.Administrative ChangesYour Board of Directors propose to make a number of changes to the Prospectus and Summary Prospectus referred to below.Most of these changes are being made to provide more clarity to shareholders. Details of the more significant changes areprovided below.AuthorisationsA number of new marketing authorisations have been obtained or are pending. These will be reflected in the new Prospectusreferred to below.Details of current authorisations can be found at www.aberdeen-asset.com.Changes to Contact DetailsInvestors should also note that the facsimile number for State Street Bank Luxembourg S.A., Aberdeen Global’s Transfer,Domiciliary, Paying and Listing Agent and Registrar has changed from (352) 46 40 10 991 to (352) 24 52 90 56 and that theemail enquiry address for investors maintained by the UK Distributor has changed fromaberdeenglobalqueries@ifdsgroup.co.uk to aberdeen.global@aberdeen-asset.comClarification of Hedging for Hedged Share ClassesYour Board of Directors proposes to amend the wording in the Prospectus which details how the currency hedging is carriedout in relation to the hedged versions of Class A, Class C, Class I and Class Z Shares.The amended wording provides clarification of the currency hedging being carried out. The wording is being amended(changes in italics) to state that the “Investment Manager will generally undertake currency hedging to reduce the hedgedversions of Class A, Class C, Class I and Class Z Shares' exposure to the fluctuations of the base currency of the relevant Fundagainst the currency of hedging but in any event such hedging will not exceed 105% of the Net Asset Value of the relevantShare Class. The Investment Manager will seek to achieve this hedging by using financial swaps, futures, forward currencyexchange contracts, options and other similar derivative transactions deemed appropriate in its discretion but which are withinthe limits laid down by the CSSF. If, due to market movements, a Class is more than 105% hedged a reduction to suchexposure will be sought within an appropriate time scale, subject to market conditions and the best interests of theshareholders of that Class”.SwitchingYour Board of Directors are also taking the opportunity to provide clarification of which Share Classes can be switched orexchanged into other Share Classes of the same or of a different sub-fund. Investors should note that Class C shareholders willonly be able to switch into Class C Shares of the other sub-funds whilst Class E shareholders will be able, subject to meetingthe qualifications for investment, to switch into any Share Class (other than Class B Shares).Changes to Investment AdvisersAberdeen Asset Management Inc, a wholly owned subsidiary of Aberdeen Asset Management PLC, which is regulated by theUnited States Securities Exchange Commission, is being appointed as investment adviser for Aberdeen Global – AmericanOpportunities Fund and will replace Aberdeen Asset Managers Limited. This change will take effect on 1 October 2008. Therewill be no change to the way the sub-fund is managed nor the risk factors affecting the sub-fund.DividendsFollowing a review, your Board of Directors propose to change the dividend frequency of the following Funds from six monthlyto annual. Aberdeen Global - American Opportunities Fund (to be renamed Aberdeen Global – American Equity Fund with effectfrom 1 October 2008) Aberdeen Global - Asia Pacific Fund (to be renamed Aberdeen Global – Asia Pacific Equity Fund with effect from 1October 2008) Aberdeen Global - Asian Smaller Companies Fund Aberdeen Global - Australasian Equity Fund Aberdeen Global - China Opportunities Fund (to be renamed Aberdeen Global – Chinese Equity Fund with effect from1 October 2008) Aberdeen Global - Emerging Markets Fund (to be renamed Aberdeen Global – Emerging Markets Equity Fund witheffect from 1 October 2008) Aberdeen Global - Emerging Markets Smaller Companies Fund Aberdeen Global - European Equity Fund Aberdeen Global - European Opportunities (Ex UK) Fund (to be renamed Aberdeen Global – European Equity (Ex UK)Fund with effect from 1 October 2008) Aberdeen Global - India Opportunities Fund (to be renamed Aberdeen Global – Indian Equity Fund with effect from 1October 2008) Aberdeen Global - Japanese Equity Fund4
Page 1: Aberdeen Global FundsSummary Prospe
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exchange contracts, options and oth
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Taxation• Investors should note i
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Class A, Class D Shares and the hed
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The costs of the launch of the Aber
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The dividends for the following Fun
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___________________________________
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Services (UK) Ltd.) which may be ba
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of Shares of that Class then in iss
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The Managers shall not retain the b
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GLOBAL DISTRIBUTOR and INVESTMENT M
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Appendix A - Investment Restriction
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) The limit laid down in paragraph
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(c)(d)(e)GeneralThe aggregate premi
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(4) the financial derivative instru
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(ii)If Aberdeen Global is to be vol
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(c)(d)(e)(f)during any breakdown in
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Appendix D - Share Classes and Divi
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Aberdeen Global - Fixed Interest St
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Aberdeen Global - Ethical Engagemen
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The Mauritian Subsidiary will:• p
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Appendix G - Glossary of TermsThis
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ABERDEEN GLOBALSUPPLEMENT TOTHE SUM
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This supplement is notvalid unless
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This supplement is notvalid unless
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Aberdeen Global FundINVESTMENT APPL
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Please read the Summary Prospectus
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