Abrdn shuts top quartile credit fund after outflows bite
Fund has seen assets shrink by 88% over five years
Fund has seen assets shrink by 88% over five years
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As its slashes direct equity holdings in favour of investment trusts
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Brent crude is at $105 p/b, while gold, nickel and wheat prices are up 40% due to disruption from Russia-Ukraine war
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With investors set to vote on fate of third multi-manager fund at EGM on 30 March
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AUM across its multi-asset offering hit £7.4bn in December
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It will look to ‘drive down their OCFs’
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As it unveils sustainability group and makes five promotions
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Change marks ‘significant milestone’ in integration of the two firms
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Investors have been trapped in the fund for over 1,000 days
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‘There is no circumstance or valuation case for these securities to be part of a portfolio’
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Investors will benefit from economies of scale following absorption by Schroder UK Alpha Plus
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It ‘once again underlines why open-ended property funds remain ill-suited to the daily dealing expected from Oeics’
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