abrdn shutters Eastern European fund

43% of assets in Russia

Kathleen Gallagher
clock • 1 min read
The fund will close on 13 September
Image:

The fund will close on 13 September

abrdn is closing its ASI Eastern European Equity fund, which had been suspended since 1 March 2022 as it had 43% of its assets in Russia, PA's sister title Investment Week has learned.

The fund will close on 13 September and according to a client letter the closure will allow investors to receive the proceeds "from a significant proportion of the fund's portfolio". Investors will...

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