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The fund's largest investor has withdrawn, leaving it unfeasibly small

The fund's largest investor has withdrawn, leaving it unfeasibly small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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

Stephen Yiu

The Big Interview: Blue Whale's Stephen Yiu brings fresh eyes to UK stockmarket

New kid on the block

clock 26 October 2021 • 5 min read
Jenn-Hui Tan, global head of stewardship and sustainable investing at Fidelity International

Fidelity pledges 50% reduction in emissions from investment portfolios by 2030

Also commits to ‘gradual exit’ from thermal coal

clock 26 October 2021 • 2 min read
Angelos Damaskos, CEO of Sector Investment Managers

Junior Gold fund to change name as it increases allocation to silver miners

Name to reflect shift to new ACD

clock 25 October 2021 • 1 min read