Two further fund closures adds to abrdn's growing tally

Japanese Growth and Financial Equity

The ASI Japanese Growth Equity and ASI Financial Equity funds have both been marked for liquidation as each has become too small to be commercially viable.

ASI Japanese Growth Equity will close on 13 December 2021, following the fund's largest investor recently redeeming "the majority of their shareholdings", which has left the fund in a state that may leave investors with "compromised investment performance and proportionally higher costs". Head of ESG fixed income departs abrdn for GIB Asset Management The fund will close to investors from 29 November and the process of liquidation will begin on 6 December. ASI Financial Equity will close on 29 November 2021, as a result of the fund not attracting "the levels of inflows anticipated"...