The merger of the abrdn China and New Thai trusts has been approved by shareholders, forming a single investment vehicle with more than $400m invested across Chinese equities.
Formerly the Aberdeen Emerging Markets Investment Company and the Aberdeen New Thai Investment trust, abrdn China Investment Company (ACIC) will be managed by Nicholas Yeo and Elizabeth Kwik, supported by abrdn's equity team based in Hong Kong and Shanghai. The change of investment policy for ACIC was approved on 26 October 2021, with the reconstruction of New Thai approved on Tuesday (9 November). Aberdeen EM fund-of-funds trust to merge with New Thai and overhaul mandate Liquidation of New Thai was approved by 98.9% of shareholders, while ACIC will acquire £62m of net assets from...
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