Aberdeen Asset Management has joined Columbia Threadneedle, M&G, Henderson and SLI by switching the pricing basis on its property funds.
Aberdeen is changing the pricing on its £3.4bn UK Property fund from a mid to a bid pricing basis, effective 25 May, which has resulted in a 0.9% downward move in the price of the fund. In a letter to investors, the firm said: "This decision is aimed at ensuring the fair treatment of all existing and new customers whether they have decided to take profits from the fund, intend to remain invested in the fund for the long term or decided to allocate to the fund. "After a period of strong performance in the sector it is understandable that some investors wish to redeem part of all of the...
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