The Lemon Fool

Aberdeen Asset Management's (ADN) two UK equity income investment trusts and its Aberdeen Private Equity (APEF) closed-ended fund could be vulnerable to mergers after the fund group agreed a £11 billion takeover by insurer Standard Life (SL), according to Numis.

Analysts at Numis said most of the two dozen investment trusts run by both groups were likely to emerge unscathed from the merger, which could spark a raft of consolidation within both groups' open-ended fund ranges.