Aberdeen Property fund resumes trading14 July 2016 Back to results
On Wednesday 13 July, Aberdeen Fund Managers Limited resumed trading in the Aberdeen UK Property fund.
Trading had been temporarily suspended on Thursday 7 July to allow any investors who had recently placed trades to reconsider their investment decision in light of a dilution levy being applied to the price of the fund. All trades placed during the suspension period were cancelled.
The dilution levy means investors can still put money into, or take money out of, the fund. However, those trades will be reduced by the levy amount. The levy has been applied in the wake of property market volatility following the announcement that Britain will leave the European Union.
The fund has now resumed trading and a dilution levy applies to the fund price of approximately 16%. This dilution levy will be reviewed daily, and may change.
If you’re uncertain about how this affects your investments, please speak to your financial adviser in the first instance. If you don’t have a financial adviser you can find one in your area at unbiased(Opens new window).
You can also contact us, but please remember we won't be able to give you any financial advice.