ABRDN plc is a United Kingdom-based investment company. It is listed on the FTSE 100 Index.
The company was founded in 1988 and is headquartered in London. They are an investment company that invests primarily in securities, loans, commodities, and property.
It also has investments across Europe, North America, and Asia Pacific regions. The firm operates as a generalist investor, with direct investments operating predominantly in financial markets (35%), commodities (19%), and property (10%). The remainder of the portfolio comprises investments in both public equity markets (14%) and debt securities (19%). abrdn’s current share price is GBX 2.45.
The company was the subject of an initial public offering in June 1999, followed by a secondary public offering in October 2001 and a final public offering on July 19, 2007. The Company started trading on the London Stock Exchange on 3 August 2007 and went ex-dividend on 9 September 2007. The Company has made a profit each year since its inception.
In 2006, ABRDN bought a 24% stake in the funds business of Global X Management (GXM). Subsequently, in 2007, the company completed the acquisition of GXM from BlackRock and Paulson & Co. In 2008, abrdn bought a further 11% stake in GXM. In 2009, abrdn purchased the remaining stake in GXM from BlackRock.
The company was selected to invest in the Singapore Stock Exchange Index Fund (SGXI) due to a competitive selection process. This followed a competitive bid by other prominent investment firms on behalf of their clients. The mandate awarded to abrdn is for an initial period of five years. The fund is expected to be up and running by June 2014, with the management team ready to start day-to-day operations in September 2012.
ABRDN trades in the Eurobond market, equity derivatives, and money markets via its trading unit and through third-party trading specialists.
Read full article at The Wall Street Journal