Aberdeen Diversified Income and Growth Trust explained

The Aberdeen Diversified Income and Growth Trust is an investment trust focusing on investments known to deliver reliable income and growth. It is listed on the London Stock Exchange.

History

The company was founded by accountants, James Ivory and Thomas Watson Sime of the asset management firm, Ivory and Sime, as the British Assets Trust in 1898.[1] After the mandate moved to BlackRock in February 2015, the company changed its name from British Assets Trust to BlackRock Income Strategies Investment Trust in April 2015.[2] Then, after the mandate moved to Aberdeen Asset Management, the company merged with Aberdeen UK Tracker Trust and was renamed Aberdeen Diversified Income and Growth Trust in December 2016.[3]

External links

Notes and References

  1. Web site: Records of British Assets Trust Ltd, investment trust, Edinburgh, Scotland. Archives Hub. 27 September 2022.
  2. News: British Assets Trust changes name and manager, and vows to adopt a multi-asset approach to turnaround dismal performance. 1 April 2015. What Investment. 27 September 2022.
  3. News: BlackRock Income Strategies to merge with Aberdeen UK Tracker Trust. 13 December 2016. The Association of Investment Companies. 27 September 2022.

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