abrdn Asian Income cuts management fees by 17%

0.75% per annum up to £300m

abrdn Asian Income (AAIF) has reduced the management fees it pays to abrdn, effective from the beginning of the current financial year, starting 1 January.

In a stock exchange notice today (5 March), the trust said management fees would be charged at 0.75% per annum up to £300m and 0.6% thereafter, based on the lower market capitalisation or net assets. The board said this adjustment is expected to decrease the trust's overall ongoing charges for the financial year ending 31 December 2024 by approximately 17% compared to the previous year.  abrdn head of trusts William Hemmings retires abrdn has also initiated its reinvestment of management fees programme by subscribing to 190,000 shares of the trust as of today, equivalent to approxi...