abrdn confirms plans to merge or close 100 Lux and UK domiciled funds

clock • 2 min read

abrdn is merging or shuttering 100 funds in a move to save on costs, the Scottish investment house confirmed to International Investment's sister brand Investment Week, as AUM at its asset management arm declined 17% in the first half of 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 confirmed the funds in question would merge or close and that the move would result in "simplified fund ranges across UK and Luxembourg domiciled funds". ...

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