Edinburgh, Scotland-based ABRDN plc, formerly Standard Life Aberdeen plc, is a global investment firm headquartered in the United Kingdom.
- About Abrdn
The company’s fixed income, equity, and alternative asset portfolios are all well-diversified. Abrdn has more than 440 institutional clients and over 1 million individual investors worldwide. The company is ranked as Europe’s top-performing UK-listed investment manager. Since 2005, the parent firm, Standard Life Aberdeen PLC, has been a part of the FTSE 100 Index. The business uses Standard Digital to give its customers’ investment insights, news, and analysis. This gives you access to a plethora of information on the world, as well as research from the Standard Life Investments research team and expert opinion.
- What is Included in The Trial?
Abrdn will provide an investment manager, who will start a trial period at the beginning of 2017. The outcome of this trial will determine if the company will make a formal offer for the business from Ruffer. The company expects to have a substantial cash reserve to fund this acquisition. It seeks to do this by offering the majority of shareholders a cash payment instead of their Ruffer shares.
- What Happens at The End of The Trial?
You can change your plan online in the “Settings & Account” section for cost savings. The board of directors will provide shareholders with an update on the planned acquisition of Ruffer Group. All further updates are anticipated once it has issued its financial results after the completion of the trial or until it makes a formal offer. During this time, shareholders can continue to invest in this fund through their broker by subscribing to the monthly automated investment plan.
- What Forms of Payment to Use
Credit card, debit card and PayPal payments are accepted. All payments will be converted to GBP before being credited to an account with Standard Life Investments. This will be converted back to the original currency when investing. This means that any future returns will be credited to your local currency.
Abrdn is poised to make an entry into the FTSE 100 index. Consequently, if all of Ruffer Group’s shareholders agree to sell their holdings to Abrdn, their investment will get a boost from a potential FTSE 100 listing.
Read full article at The Wall Street Journal