Aberdeen UK Smaller Companies is set to merge with a JPMorgan trust, consolidating two UK smaller companies investment vehicles in a move that will reshape the sector’s fund landscape.
Aberdeen UK Smaller Companies is set to merge with a JPMorgan trust, consolidating two UK smaller companies investment vehicles in a move that will reshape the sector’s fund landscape.
Remember the last “sector-reshaping” tie-up of two small-cap trusts? Announced with trumpets, dead in committee within a year. This one will actually complete — different appetite, identical arrogance. Aberdeen’s holders get a polite letter; JPMorgan gets the assets. Nobody asked them. Consolidation looks immaculate from the boardroom. The rubble always lands in someone’s pension.