abrdn to restructure open-ended UK real estate fund into global hybrid model

Subject to shareholder vote in September

Valeria Martinez
clock • 3 min read

abrdn has set out plans to restructure its daily-dealing UK Real Estate fund and associated feeder vehicle, transitioning to a hybrid model with a broader global mandate.

The master fund, which at £768.8m in assets under management is the second largest open-ended UK property fund in the sector, currently invests in direct UK real estate.  At an extraordinary general meeting on 18 September, shareholders will vote on a proposal to transition the fund to a hybrid strategy. This change would reduce the fund's direct exposure to UK real estate while increasing its allocation to indirect real estate investments. The FTSE 250 asset manager also has plans to broaden the fund's geographical mandate towards a more global focus, which would include removing ‘UK...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Funds

Brickwood AM launches second value fund broadening out to global equities

Brickwood AM launches second value fund broadening out to global equities

TM Brickwood Global Value fund

Eve Maddock-Jones
clock 20 March 2025 • 1 min read
Quilter WealthSelect slashes bond holdings across MPS

Quilter WealthSelect slashes bond holdings across MPS

Boosts cash levels and alternatives exposure

Beth Brearley
clock 20 March 2025 • 2 min read
Jupiter's Alex Savvides on investing in UK defence and why Babcock remains undervalued

Jupiter's Alex Savvides on investing in UK defence and why Babcock remains undervalued

Amid increased government spending

Sorin Dojan
clock 20 March 2025 • 2 min read
Trustpilot