Mini Budget 'perfect storm' hits Aberdeen Diversified Income and Growth balance sheets

Increasing private equity allocation

September 2022 will be remembered as a notorious year for UK listed assets, as the Mini Budget catalysed a widespread selloff, hurting portfolios with UK holdings.

Aberdeen Diversified Income and Growth trust was one of those that was hit by the fiscal policies, which directly contributed to a set of mixed set of results for the year, covering the year ended 30 September 2022. Chair Davina Walter said that throughout the year, the trust had been delivering "steady performance and low volatility" up until the end of August, despite the "challenging" period for equities and bonds. But once September hit, she said the month "can best be described as a 'perfect storm' for financial markets as the threat of recession combined with the spiralling cost...