Aberdeen Investments to acquire $2bn CEF assets from MFS

UK-based Aberdeen Investments has signed an statement to get MFS’ absorption of closed-end money (CEF) assets, totalling £1.5bn ($2bn).

As per the transaction, 9 MFS funds and 1 Aberdeen CEF volition beryllium consolidated into 2 progressive CEFs with enhanced scale.

A municipal enslaved money with astir $1bn successful assets nether absorption (AUM) volition beryllium created by consolidating 4 MFS municipal enslaved CEFs and 1 Aberdeen municipal enslaved CEF.

In addition, 5 MFS taxable fixed income funds volition harvester to signifier a multi-sector fixed income closed-end fund, including backstage credit, with astir $1.4bn successful AUM.

Aberdeen’s fixed income planetary head, Jonathan Mondillo, volition negociate some funds.

Employees oregon firm entities volition not beryllium transferred arsenic portion of the acquisition.

Aberdeen Group CEO Jason Windsor said: “We are delighted to adhd further standard to our US closed-end money platform, with this highly synergistic acquisition.

“As we instrumentality our strategy to go the UK’s starring Wealth and Investment radical we volition proceed to put successful areas of spot wherever we spot important country for growth.”

Aberdeen Investments is simply a planetary plus manager, focusing connected nationalist and backstage markets, including specializer equities, recognition and existent assets.

The steadfast managed astir £382bn connected behalf of clients, arsenic of 30 September 2025.

Aberdeen Investments firm concern managing manager and closed-end funds caput Christian Pittard said:

“The enlarged funds volition travel with existent standard and volition absorption connected areas of heavy expertise for Aberdeen wherever we spot wide imaginable for further growth.

“MFS pioneered US communal funds backmost successful 1924, and we are arrogant they person chosen Aberdeen for this agreement.”

In August this year, Aberdeen Group agreed to divest its fiscal readying unit, Aberdeen Financial Planning, to Ascot Lloyd.

"Aberdeen Investments to get $2bn CEF assets from MFS " was primitively created and published by Private Banker International, a GlobalData owned brand.

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