abrdn confirms plans to merge or close 100 funds

‘Subscale, inefficient or not aligned’

clock • 1 min read
Follows review of 550 funds
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Follows review of 550 funds

Abrdn is merging or shuttering 100 funds in a move to save on costs, the Scottish investment house confirmed to Investment Week, as AUM at its asset management arm declined 17% in the first half of the 2022.

A spokesperson said: "We have now reviewed around 550 funds and concluded that 20% with an AUM of approximately £7bn were subscale, inefficient or not aligned with our core strengths." abrdn con...

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