abrdn shutters Eastern European fund

Kathleen Gallagher
clock • 2 min read
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 fro...

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