Investment trust research firm Numis Securities has removed the abrdn Diversified Income & Growth trust from its Recommended List, citing the internal restructuring going on within the wider firm.
The Edinburgh-based company has undergone months of fund closures and restructuring as it works to ‘consolidate' its offering, with plans to merge or close over 100 funds, as well as an exodus of its investment staff. abrdn calls time on MyFolio Monthly Income range Numis said in its review that it had added the trust to ‘Core buy' list when it was taken over by abrdn - then Aberdeen Asset Management - in 2017, but downgraded it to ‘Recommendation' in 2020 following its "disappointing performance". At the time, Numis said it still believed there was a "potential for a rerating foll...
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