Aberdeen Frontiers Trust to be Wound Up

Shareholders set to get their money back at net asset value as Aberdeen trust has underperformed

James Gard 2 July, 2020 | 12:03AM

Exit sign

The £28 million Aberdeen Frontier Markets Trust (AFMC) is to be wound up, citing operational costs, weak prospects for frontier markets and ongoing underperformance against the benchmark.

Morningstar’s head of manager research, Jonathan Miller, says it’s not unusual for smaller investment trusts to be closed. “The ongoing viability of small trusts does get considered by their boards and often it’s a mix of size and underperformance that come to the fore. In June, we saw India Capital Growth and VPC Speciality Lending survive shareholder ballots,” he says.

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James Gard  is content editor for Morningstar.co.uk

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