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

clock • 2 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 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 an...

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