Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
£150m of costs will be cut across the business over two years
Fidelity International manager Dale Nicholls highlights earnings as a major focus for Chinese equity investors in 2024
Amount is equivalent to six months’ worth of management fees
Abrdn China Investment Company (ACIC) is being wound up