abrdn is merging three multi-manager funds into the MyFolio range as it pushes on with its fund consolidation programme and redesign of the firm’s multi-asset division.
A spokesperson confirmed to Investment Week the £119m Multi-Manager Cautious Managed Portfolio, £95m Multi-Manager Equity Managed Portfolio and £42m Multi-Manager Diversity fund will be absorbed by the MyFolio range on 16 June, subject to shareholder approval on 19 May. The Cautious Managed Portfolio will merge with the £476m MyFolio Multi-Manager III fund, while the Multi-Manager Equity Managed Portfolio will be absorbed by the £147m MyFolio Multi-Manager V fund. The Diversity fund will merge with the £3.3bn MyFolio Multi-Manager II fund. abrdn undertakes series of fund mergers follo...
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