1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Abrdn plc
  6. News
  7. Summary
    SL.   GB00BF8Q6K64

ABRDN PLC

(SL.)
  Report
Delayed London Stock Exchange  -  11:35 2022-08-12 am EDT
175.60 GBX   +1.59%
08/12Asset Manager Abrdn Becomes Largest Investor In Digital Exchange Archax
MT
08/12Abrdn buys stake in digital assets exchange Archax
RE
08/12Abrdn plc acquired an unknown stake in Archax Ltd.
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Britain's asset managers call for blockchain funds regime

07/07/2022 | 06:55am EDT
FILE PHOTO: Photo illustration of man silhouetted in an electronic board showing the Italian equity market index in Rome

LONDON (Reuters) - Britain's Investment Association on Thursday called for the government and regulators to give the green light to tokenised funds using blockchain technology, which could make it easier for retail investors to buy illiquid assets.

Tokenised funds split their assets under management into fractions, enabling a reduced minimum investment, making them more affordable for small investors.

The use of blockchain technology, which underpins cryptocurrencies, to support tokenised funds can also reduce operational costs, industry specialists say.

"With the ever-quickening pace of technological change, the investment management industry, regulator and policymakers must work together to drive forward innovation without delay," said Chris Cummings, chief executive of the Investment Association.

The government and the Financial Conduct Authority should establish a framework for tokenised funds to operate, the IA said in a statement.

Regulators should also assess the eligibility of cryptocurrencies in investment funds with well-diversifed portfolios, the IA added.

Abrdn is among major asset managers considering launching tokenised funds.

"We are looking at tokenisation and are currently assessing how the benefits of blockchain technology could be leveraged in the regulated funds space," an abrdn spokesperson said in an emailed statement.

"Tokenised solutions should provide new ways for both retail and sophisticated investors to access investment products, including in the illiquid space, thanks to lower investment minimums and improved liquidity mechanisms via secondary token markets."

Fund technology firm FundAdminChain is working with the London Stock Exchange and four asset managers on tokenised funds. FundAdminChain CEO Brian McNulty declined to name the managers.

Investors have since last year been able to buy tokens in a fund managed by private equity firm Partners Group through Singapore digital securities exchange ADDX. Investors can get in with an outlay of $10,000, rather than a typical minimum of $100,000.

However, the global Financial Stability Board has warned that tokenisation still leaves retail investors exposed to any underlying illiquid assets, like commercial property and private equity, which are hard to get out of in a hurry if prices fall.

(Reporting by Carolyn Cohn, editing by Huw Jones and Bernadette Baum)

By Carolyn Cohn


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ABRDN PLC 1.59% 175.6 Delayed Quote.-27.11%
LONDON STOCK EXCHANGE PLC -1.42% 8184 Delayed Quote.18.10%
MSCI SINGAPORE (GDTR) -0.17% 5868.22 Real-time Quote.-6.53%
PARTNERS GROUP HOLDING AG -0.29% 1033 Delayed Quote.-31.70%
All news about ABRDN PLC
08/12Asset Manager Abrdn Becomes Largest Investor In Digital Exchange Archax
MT
08/12Abrdn buys stake in digital assets exchange Archax
RE
08/12Abrdn plc acquired an unknown stake in Archax Ltd.
CI
08/11Inflows take sting out of M&G performance, shares rise
RE
08/10Barclays Lifts Abrdn PT, Keeps Underweight Rating
MT
08/10Credit Suisse Trims Abrdn PT, Keeps Underperform Rating
MT
08/10Abrdn European Logistics to Buy Dutch Warehouse Extension For $5 Million
MT
08/09MARKETSCREENER’S WORLD PRESS REVIEW : August 9, 2022
MS
08/09LONDON STOCK EXCHANGE : UK investors in wait-and-see mode
MS
08/09TRANSCRIPT : Abrdn plc, H1 2022 Earnings Call, Aug 09, 2022
CI
More news
Analyst Recommendations on ABRDN PLC
More recommendations
Financials
Sales 2022 1 428 M 1 731 M 1 731 M
Net income 2022 -6,39 M -7,75 M -7,75 M
Net cash 2022 1 653 M 2 004 M 2 004 M
P/E ratio 2022 -13,4x
Yield 2022 8,33%
Capitalization 3 685 M 4 467 M 4 467 M
EV / Sales 2022 1,42x
EV / Sales 2023 1,44x
Nbr of Employees 5 000
Free-Float 97,8%
Chart ABRDN PLC
Duration : Period :
abrdn plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABRDN PLC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 175,60 GBX
Average target price 191,44 GBX
Spread / Average Target 9,02%
EPS Revisions
Managers and Directors
Stephen Bird Chief Executive Officer & Director
Stephanie Bruce Chief Financial Officer & Executive Director
Douglas Jardine Flint Chairman
Mark Jonathan Dixon Chief Information Officer
Jonathan Paul Asquith Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ABRDN PLC-27.11%4 467
BLACKROCK, INC.-17.88%113 352
UBS GROUP AG-2.04%55 551
BANK OF NEW YORK MELLON CORPORATION (THE)-22.69%36 284
APOLLO GLOBAL MANAGEMENT, INC.-15.93%34 833
AMERIPRISE FINANCIAL, INC.-4.14%31 278