|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.2300 - 2.2300|
|52-week range||1.8400 - 3.0600|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.18 (7.99%)|
|Ex-dividend date||17 Aug 2023|
|1y target est||N/A|
The latest investor updates on stocks that are trending on Tuesday.
British investors were seen playing safe, pulling out from equity funds in favour of money market and fixed-income funds in June, fund network Calastone said last month, as they deal with higher inflation and interest rates. abrdn reported assets under management and administration (AUMA) of 495.7 billion pounds ($632.27 billion) as of June 30, compared with 500 billion pounds at the end of December. Meanwhile, abrdn raised its share buyback plan to 300 million pounds from 150 million pounds announced in June.
Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of investments, after struggling to find a buyer for the entire portfolio, a source close to the matter said. The British asset manager has been working with advisers at Rothschild & Co to sell the package of businesses spanning Britain, the United States and continental Europe, a second source said, amid a push by investors to boost flagging returns by offloading non-core assets. Abrdn's CEO, Stephen Bird, has sought to cut costs as he embarks on the final year of a three-year plan to try to reverse the asset manager's fortunes, after years of outflows and a temporary drop out of the FTSE 100 index last year.