Aberdeen Asset Management has revealed further details of the merger between the £280m BlackRock Income Strategies investment trust (BIST) and its £330m Aberdeen UK Tracker trust (AUKT), including plans to implement a discount control mechanism.
In November, the board of the BlackRock trust revealed plans to appoint Aberdeen as its new investment manager and to merge the two vehicles, following a strategic review. The review was conducted by...
Announced plans to merge last October
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In June 2016, immediately before the Brexit referendum, a curious thing happened.
AUM has grown to $2bn in a year
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