Today news
About the same in other media
abrdn shutters American Income Equity fund due to largest investor withdrawal
Reading now: 410
The investor was an internal client, who reallocated their assets to other abrdn funds. It was then decided that it would be in the «best interests» of other investors to close the fund. Profits drop 62% across abrdn investment arm as performance slides further A spokesperson for the company said: «Small funds face a number of operating difficulties as they are unable to benefit from economies of scale. This can lead to problems in buying and selling assets at a reasonable price, which in turn may lead to compromised investment performance and proportionally higher costs, to the detri...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
American CEOs Get Ready to Go to Beijing. But Who Will Receive Them? livemint.com /9 months ago
Japanese stocks have “ample interests” from North American investors, BOFA says investing.com /9 months ago
American Manufacturers Seek Perfection as Quality Issues Mount livemint.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
