Aberdeen Asset Management has reduced the 17% dilution adustment on its £2.7bn UK Property fund and feeder funds, as redemptions begin to slow.
The group issued a statement saying it had been carefully monitoring flows in and out of the funds, market sentiment and the strategy's cash levels before deciding to reduce the dilution levy to 7% from 17%, resulting in a 7.5% uplift in the dealing price. Last Wednesday, the group re-opened the fund to trading after being forced to suspend for a week amid investors' post-Brexit vote rush to exit property exposure. However, it applied a 17% dilution levy to any deals made but said it would remove or adjust this should the situation change. The latest statement said: "Following the ...
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