Abrdn to Rejoin Leading FTSE 100 Leading Companies

Three months after Abrdn was ejected from FTSE 100, the company is poised to make a return. This happens after a significant increase in the share price of the company’s stock by 35% within three months. The company dropped from the index the first time in August 2022 after a decline in its share price. Since the company was formed in 2017, it has been part of the club of the best publicly traded companies.

After a recent increase in the share price, the company’s market capitalization is now $4.1 billion. Although this is not where the company was, the recent increase in share price has seen the company has recovered the loses made in 2022. Continue reading this article to learn everything about the company at The Wall Street Journal

Abrdn Challenges Began in 2022

Between January and August 2022, Abrdn’s share price dropped by 40%. There were worries about the company’s long-term investment strategies against the short-term investments that had taken over the market. Although these cheap and short-term investment options affected other businesses, Abrdn was more affected as investors did not understand the acquisition of Interactive Investor. However, the executives made efforts to explain the new strategy which helped the company make a comeback.

Poised to Rejoin the Club of the Best Companies

According to the CEO Stephen Bird, the company has not seen huge growth after the merger in 2017. However, they have brought in as many changes as the investors can handle and that is as fast as the company can grow. The CEO and the team also made efforts to rationalize underperforming funds and started the capital return program that helped bring back the company’s fortunes.

The return of risk appetites by investors despite the growing concerns of global growth has also helped the company regain its position with the best companies in the United Kingdom. The investor confidence and the new strategies have propelled the company’s growth.