abrdn has combined the Aberdeen UK Property fund with the Standard Life Investments UK Real Estate fund, bringing the funds under a £1.7bn umbrella.
The PAIFs and their respective feeder funds will be merged into one PAIF and one feeder, with the larger Standard Life vehicle assuming the assets from the smaller Aberdeen one. Investors pull £870m from M&G property fund According to a letter to investors, the fund house has been considering "how best to ensure that the needs of investors in both funds are met" since the merger of the two asset managers in August 2017. The firm adds it hopes the decision will result in "a larger fund with greater diversity of both assets and investor base," along with "long term improved performan...
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