Aberdeen hit by split cap suspensions

Investment Week asks piers currie of aberdeen who or what is to blame for the current problems facing the closed end funds industry

As the biggest player in the split-cap market, Aberdeen took the majority of plaudits in the good times and is suffering the brunt of poor publicity in today's environment. So far, five of its trusts have suspended their dividends: Preferred, St David's, Murray Japan Growth, Leveraged Income and High Income. It is not the only group to be affected but Gartmore, BFS, Jupiter, Exeter and BC, with fewer vehicles, have not suffered on the same scale. To its accusers, Aberdeen, at the very least, is guilty of irresponsible marketing, encouraging innocent investors in at the top of a market t...