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.
Two mediocre funds become one mediocre fund. Costs fall for the managers. Fees stay for you. Staff get a tidy synergy-shaped exit. Small caps get a manager who cares about them roughly as much as a call centre cares about your complaint. Give it three years: one more merger, one more “strategic review”. The City consolidates until there’s nobody left to blame.