abrdn to pour six months' worth of management fees into UK investment trust range

Total amount invested to exceed £30m

abrdn intends to reinvest six months’ worth of management fees into the shares of its UK investment trust line-up as part of an initiative to “demonstrate its commitment” to the range.

Subject to regulations and obligations, the asset manager said it expects that the total amount invested will exceed £30m, and that investments will be made as and when the relevant management fees are received. The average investment trust discount hit 16.9% at the end of October, a level not seen since the Global Financial Crisis, according to the Association of Investment Companies. Although the average discount has narrowed to 12.3% as of 30 November, abrdn said headwinds remain for the sector.  abrdn China to merge with Fidelity China Special Situations Christian Pittard, abrd...