RE: What are they thinking?3 Dec 2021 10:37
I guess ABDN felt it needs to do something as it has been a lag . The organization is old and out of fashion as pensions funds have not performed well as there is nothing clever in tracking the index , any monkeys can do that. I presume II needs to be profitable to add value to the group, otherwise , it will get merged into the group at some stage. If there is no benefit, why ABDN wish to do such a deal, then.