Another investment trust bites the dust: Abrdn’s Asia Dragon set to merge Investing Abrdn’s chronically underperforming Asia Dragon trust is set to merge with Invesco’s Asia investment trust. Despite being the larger of the two trusts, the £682m Asia Dragon trust will be taken over by the £219m Invesco Asia trust, which analysts said was due to the latter’s better performance. Abrdn’s Asia Dragon launched a strategic review [...]
Lush posts huge loss but hopes SpongeBob SquarePants and Barbie deals can turn fortunes around Retail Lush is seeking the help of SpongeBob SquarePants and Barbie to help it boost sales and return to profit.
Small trust worth £30m moves in for £600m Abrdn Asia Dragon Investment trusts In a stock exchange announcement, Ashoka's trust said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up to 50 per cent for Asia Dragon shareholders.
Japan funds boom as stock market hits record high March 16, 2024 The Japanese stock market reached a 34-year high last month, and investors in the Asian market are getting the best news they’ve heard in decades. The Japanese Nikkei 225 has risen 42.5 per cent over the last year, compared to the 1.2 per cent growth in the FTSE 100 over the same period. Last month, [...]