Aberdeen Asset Management has taken over the management of The Singapore Fund. Its Singapore-based subsidiary Aberdeen Asset Management Asia is the fund’s manager.
With the addition of The Singapore Fund, Aberdeen’s subsidiaries now directly handle nine U.S. exchange-listed closed-end funds and one Canadian investment firm. The Singapore Fund, which is a closed-end investment firm listed on the New York Stock Exchange, has current total assets of $162 million.
Click here for the release from Business Wire.