Aberdeen Group (LSE:ABDN) said it has agreed to acquire the management of approximately £1.5 billion of US closed-end fund assets from MFS, strengthening its position as the world’s fifth-largest manager of closed-end funds. The transaction forms part of the group’s strategy to expand its US closed-end fund platform.

Under the agreement, nine MFS-managed funds and one Aberdeen-managed fund will be combined into two larger vehicles. The consolidation is expected to deliver improved scale, enhanced liquidity, and operational efficiencies for investors. Aberdeen said the acquisition also aligns with its focus on leveraging capabilities in areas such as fixed income and private credit to support future growth.

More about Aberdeen Group

Aberdeen Group is a global Wealth & Investments business managing and administering around £542 billion of client and customer assets across its interactive investor, Adviser, and Investments divisions. Aberdeen Investments operates as a specialist asset manager with expertise spanning public and private markets, including credit, specialist equities, and real assets.

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