LONDON - abrdn Investment Trusts has announced compliance with the UKLA Listing Rule 15.6.8 across its portfolio of investment trusts, as per their latest quarterly disclosure. The rule requires listed investment companies, including investment trusts, to avoid holding more than 15% of their gross assets in other UK listed investment companies.
The disclosure, dated December 31, 2024, confirmed that all abrdn-managed investment trusts, including ABRDN Diversified Income and Growth PLC, Murray International Trust (LON:MYI) PLC, Murray Income Trust PLC, ABRDN New India Investment Trust PLC, Shires Income PLC, ABRDN Equity Income Trust PLC, and ABRDN UK Smaller Companies Growth Trust PLC, have no restricted holdings.
The announcement signifies that each of these trusts is in line with regulatory requirements, ensuring that their investment strategies do not heavily rely on other listed investment companies. This is a standard practice to maintain a diversified investment portfolio and mitigate concentration risk.
This quarterly update is part of abrdn Fund Managers Limited’s commitment to transparency and adherence to financial regulations. The compliance with the UKLA Listing Rule is essential for investment trusts to provide assurance to investors regarding the management of their assets.
The information is based on a press release statement and is intended to inform investors and the market about the current status of abrdn Investment Trusts’ holdings. It is a routine disclosure and does not necessarily indicate any significant change in the investment strategies or performance of the trusts.
Investors often look to such disclosures to gauge the trustworthiness and regulatory compliance of their investment managers. abrdn’s announcement is likely to be received as a positive affirmation of their commitment to regulatory standards and prudent investment management.
The London Stock Exchange (LON:LSEG)’s RNS, which is authorized by the Financial Conduct Authority, provided the details of this compliance information.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.