Aberdeen Emerging Markets/Aberdeen New Thai
Company Notes
Merger Proposals To Offer Comprehensive China Exposure
On 30 July Aberdeen Emerging Markets Investment Company and Aberdeen New Thai announced proposals for a merger and the adoption of an All China investment mandate. The aim is for the merger to improve liquidity, increase the free float and reduce costs. If approved by shareholders, the merged fund will be managed by the abrdn China Equities team, based in Shanghai and Hong Kong. It is expected that a shareholder vote will be held in the coming months, with a circular expected to be published in October. abrdn is responsible for over £4bn in Chinese equities and has 30 years’ experience of investing in the market. The portfolio will consist of between 30 and 60 holdings and will include exposure to smaller companies. Around 60% will be invested in the China A Shares market, although this will evolve over time. The benchmark will be the MSCI China All Shares Index.
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