
Two investment trusts have agreed to merge their portfolios in an attempt to cut costs and increase liquidity, as the sector struggles with deep share price discounts.
The FTSE 250 £1bn Fidelity China Special Situations trust will absorb the assets of Abrdn’s China Investment Company. The deal will create a £1.2bn trust that will continue to be managed by Fidelity and portfolio manager Dale Nicholls, the companies said in a statement on Tuesday.
您已閱讀15%(580字),剩余85%(3376字)包含更多重要信息,訂閱以繼續探索完整內容,并享受更多專屬服務。