Analysts await colour on Aberdeen Diversified Income & Growth overhaul

Initiates bond repurchase worth up to £45m

The overhaul of Aberdeen Diversified Income & Growth Trust (ADIG) to focus more on private markets has been welcomed by analysts who, nonetheless, will await further clarification from management on the strategy as well as an improvement in performance.

ADIG said an "increasingly volatile macro-economic environment" has forced it into action, with its private markets exposure set to increase to more than half of its portfolio and Nalaka De Silva handed control of the company. Baring Emerging Europe to expand remit and change name in trust overhaul The board of the trust told investors this morning (21 October) that a strategic review had concluded that a "greater focus should be given to the company's allocation to private market investments" as part of a search for stable growth and income, and therefore ASI head of private markets ...