abrdn to close Multi-Asset Climate Solutions fund after failure to build scale

Investment Week

The strategy, which currently holds about £10.6m in assets under management across 161 holdings, reached its peak with £12.8m in November 2022, according to data from Morningstar Direct. Launched in February 2021 by then-Aberdeen Standard Investments in partnership with The Big Issue Group, MACS committed to sharing 20% of the net revenue generated by the fund to support TBIG’s social causes. Retail investors were able to access the vehicle directly through ethical and impact investing platform The Big Exchange, which rates the fund as an Impact Leader, despite noting that “reporting …

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