ASI could set an M&A trend in deal with investment trust specialist
‘An open-ended equivalent wouldn’t have been anywhere near as attractive’
A raft of liquidity mismatch problems faced by open-ended funds and the increasing popularity of real assets and alternatives could prompt more asset managers to follow in Aberdeen Standard Investments’ footsteps with its stake in investment trust specialist Tritax.
ASI said it wanted to “evolve” its property offering when it this month announced its acquisition of 60% of logistics specialist Tritax, best known to UK investors for its £3.7bn Tritax Big Box Reit and £549.6m Tritax Eurobox investment trust.