Abrdn closes Diversified Core Growth fund as investor pulls out

Fund closes on 25 November

clock • 1 min read
The fund's largest investor has withdrawn, leaving it unfeasibly small
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The fund's largest investor has withdrawn, leaving it unfeasibly small

Abrdn is closing its ASI Diversified-Core Growth fund as its largest investor has pulled out leaving the fund unfeasibly small, Investment Week has learned.

The £130.4m fund will not be able to accept new investments as of today (13 Oct) and will close on 25 November, a letter seen by Investment Week said. The letter stated that abrdn have agreed to meet...

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