Aberdeen cuts Property fund dilution levy to pre-Brexit vote level

Rebuilding liquidity complete

Aberdeen Asset Management has said trading in its £2.7bn UK Property fund and feeder funds has reverted to "levels which no longer require property sales in a compressed timescale".

The group said the process of rebuilding liquidity levels in the funds has been completed, after it was forced to temporarily halt trading after the EU referendum amid a raft of suspensions across the sector. Aberdeen originally applied a 17% dilution levy to its UK Property fund, as well as a temporary suspension which has since been lifted. The levy was then reduced to 7% and has now been cut further to 1.25%, which was the level in place prior to the EU referendum on 23 June. The group said trading is monitored daily and the dilution adjustment may be increased without notice, if r...