abrdn shutters Eastern European fund

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, International Investment's sister brand 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 also retain "proportionate rights to the illiquid assets of the fund and will benefit from any future sale should they become tradeable again". According to the latest available factshee...