Aberdeen EM fund-of-funds trust to merge with New Thai and overhaul mandate

Lauren Mason
clock • 5 min read
Aberdeen EM fund-of-funds trust to merge with New Thai and overhaul mandate

The board of the £372.6m Aberdeen Emerging Markets Investment Company (AEMC) has proposed a merger with the £82.5m Aberdeen New Thai investment trust, which will see the combined portfolios become a Chinese equity mandate. The plans, which will also see AEMC move from a fund-of-funds structure to investing directly in equities, will lead to a tender offer for up to 15% of the company's shares. According to AEMC's board, plans to overhaul the trust have been in place for some time, given the...

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