Dec 15, 2025 (MarketLine via COMTEX) --
UK-based Aberdeen Investments has signed an agreement to acquire MFSaEUR(TM) management of closed-end fund (CEF) assets, totalling AGBP1.5bn ($2bn).
As per the transaction, nine MFS funds and one Aberdeen CEF will be consolidated into two active CEFs with enhanced scale.A
A municipal bond fund with about $1bn in assets under management (AUM) will be created by consolidating four MFS municipal bond CEFs and one Aberdeen municipal bond CEF.A
In addition, five MFS taxable fixed income funds will combine to form a multi-sector fixed income closed-end fund, including private credit, with around $1.4bn in AUM.A
AberdeenaEUR(TM)s fixed income global head, Jonathan Mondillo, will manage both funds.A
Employees or corporate entities will not be transferred as part of the acquisition.A
Aberdeen Group CEO Jason Windsor said: aEURoeWe are delighted to add further scale to our US closed-end fund platform, with this highly synergistic acquisition.A
aEURoeAs we implement our strategy to become the UKaEUR(TM)s leading Wealth and Investment group we will continue to invest in areas of strength where we see significant room for growth.aEURA
Aberdeen Investments is a global asset manager, focusing on public and private markets, including specialist equities, credit and real assets.A
The firm managed about AGBP382bn on behalf of clients, as of 30 September 2025.A
Aberdeen Investments corporate finance managing director and closed-end funds head Christian Pittard said: A
aEURoeThe enlarged funds will come with real scale and will focus on areas of deep expertise for Aberdeen where we see clear potential for further growth.A
aEURoeMFS pioneered US mutual funds back in 1924, and we are proud they have chosen Aberdeen for this agreement.aEURA
In August this year, Aberdeen Group agreed to divest its financial planning unit, Aberdeen Financial Planning, to Ascot Lloyd.AA
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