Fidelity platform restricts new investments into abrdn PE Opportunities trust

From 16 December

clock • 1 min read

Fidelity International has restricted new investments into the abrdn Private Equity Opportunities investment trust on its Personal Investing and Fidelity Adviser Solutions platforms.

In a notice on its website, the firm said it had made the decision "in the best interests" of its customers. However, it did not disclose the rationale behind the restriction, which was introduced on 16 December.  A Fidelity spokesperson said: "As a general rule we do not confirm the specific reasons behind decisions such as these, however these are always made with our customers' best interests in mind." Customers are able to redeem existing holdings in this fund by either selling to cash or switching to other funds, but clients will not be able to buy shares until further notice. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot