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Aberdeen is simplifying its fund range. It’s planning to merge two of its funds which have a similar investment objective.
As a result, we’ll be updating our fund name and description for the following funds:
- SL abrdn Real Estate Feeder Pension Fund (Fund code – 2R)
- SL abrdn Real Estate Feeder Life Fund (Fund code - RY)
This update will take place from 13 November 2026. You can see details of the current and updated fund names and fund descriptions in the tables at the bottom of this page.
We’ll be updating our fund factsheets to reflect these changes. These will be available on standardlife.co.uk/investments/funds once updated.
Fund details
| Current fund name (fund code) | Updated fund name (fund code) |
|---|---|
| SL abrdn Real Estate Feeder Pension Fund (fund code – 2R) | SL abrdn Global Real Estate 2 Pension Fund (fund code – 2R) |
| Current fund description | Updated fund description |
| The SL abrdn Real Estate Feeder Pension Fund invests primarily in the abrdn Real Estate Feeder Fund. The aim of the abrdn Real Estate Feeder Fund is summarised below. The Fund invests substantially all of its assets in the abrdn Real Estate Fund which is currently undergoing a portfolio transition to (i) reduce its holdings to approximately 45% in direct UK property, and (ii) increase its holdings to approximately 45% in indirect property. The transition commenced on 2 October 2024 and is expected to be completed within 18-24 months however, the transition may take longer due to the illiquid nature of property assets and varying market conditions. Potential investors should be aware that, for a period from 2 October 2024, investments in both direct and indirect holdings in the abrdn Real Estate Fund will not align with the target allocations of 45% as stated in the investment policy. Investors can view an updated breakdown of the composition of the abrdn Real Estate Fund by visiting www.aberdeeninvestments.com/en-gb/intermediary and reviewing the abrdn Real Estate Fund factsheet. The investment policy of the abrdn Real Estate Fund is as follows: To generate income and some growth over the long term (5 years or more) by investing all or substantially all of its capital in the abrdn Real Estate Fund. To the extent the fund is not fully invested it will hold its remaining assets in money-market instruments including cash. The returns of this fund are not expected to be materially different than the returns of abrdn Real Estate Fund. The objective of the abrdn Real Estate Fund is to generate income and some growth over the long term (5 years or more) by investing in property and property related investments. It is intended that the fund will be a PAIF at all times and, as such, its investment objective is to carry on property investment business and to manage cash raised for investment in the property investment business. Performance Target of abrdn Real Estate Fund: To achieve a return in excess of the following composite index over rolling five year periods (after charges) - 45% MSCI UK Monthly Property Index; 45% FTSE EPRA Nareit Developed Net Total Return Index; and 10% SONIA. There is no certainty or promise that the Performance Target will be achieved. The MSCI UK Monthly Property Index is a representative Index of directly held UK property investments. The FTSE EPRA Nareit Developed Net Total Return Index is a representative index of property related companies listed on global developed stock markets. SONIA is the Sterling Overnight Index Average and is the representative rate for the return on cash deposits. The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in. |
The SL abrdn Global Real Estate 2 Pension Fund invests primarily in the abrdn Global Real Estate Fund. The aim of the abrdn Global Real Estate Fund is summarised below. The fund aims to generate income and some growth over the long term (5 years or more) by investing in global commercial property markets. In view of the fund not being managed with reference to a benchmark and no relevant benchmark for both global direct and listed property that can be utilised, performance should be assessed against the fund’s investment objective of generating income and some growth by investing in global commercial property markets. The fund invests at least 80% in global commercial property and property-related equities (company shares). The fund will target an allocation of 45% investment in direct property; 45% investment in listed property shares and 10% money market instruments (including cash) which may vary as a result of factors such as investor subscriptions and redemptions and/ or market conditions that could result in a rise or fall of property valuations, both direct and listed. Investment in global property related equities (including Emerging Markets) is achieved through investment in listed closed ended REITs and listed companies engaged in real estate and real estate related activities. The fund may also invest in other funds (including those managed by abrdn), short term government bonds, money market instruments and cash. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in.
|
| Current fund name (fund code) | Updated fund name (fund code) |
|---|---|
| SL abrdn Real Estate Feeder Life Fund (fund code – RY) | SL abrdn Global Real Estate 2 Life Fund (fund code – RY) |
| Current fund description | Updated fund description |
| The SL abrdn Real Estate Feeder Life Fund invests primarily in the abrdn Real Estate Feeder Fund. The aim of the abrdn Real Estate Feeder Fund is summarised below. The Fund invests substantially all of its assets in the abrdn Real Estate Fund which is currently undergoing a portfolio transition to (i) reduce its holdings to approximately 45% in direct UK property, and (ii) increase its holdings to approximately 45% in indirect property. The transition commenced on 2 October 2024 and is expected to be completed within 18-24 months however, the transition may take longer due to the illiquid nature of property assets and varying market conditions. Potential investors should be aware that, for a period from 2 October 2024, investments in both direct and indirect holdings in the abrdn Real Estate Fund will not align with the target allocations of 45% as stated in the investment policy. Investors can view an updated breakdown of the composition of the abrdn Real Estate Fund by visiting www.aberdeeninvestments.com/en-gb/intermediary and reviewing the abrdn Real Estate Fund factsheet. The investment policy of the abrdn Real Estate Fund is as follows: To generate income and some growth over the long term (5 years or more) by investing all or substantially all of its capital in the abrdn Real Estate Fund. To the extent the fund is not fully invested it will hold its remaining assets in money-market instruments including cash. The returns of this fund are not expected to be materially different than the returns of abrdn Real Estate Fund. The objective of the abrdn Real Estate Fund is to generate income and some growth over the long term (5 years or more) by investing in property and property related investments. It is intended that the fund will be a PAIF at all times and, as such, its investment objective is to carry on property investment business and to manage cash raised for investment in the property investment business. Performance Target of abrdn Real Estate Fund: To achieve a return in excess of the following composite index over rolling five year periods (after charges) - 45% MSCI UK Monthly Property Index; 45% FTSE EPRA Nareit Developed Net Total Return Index; and 10% SONIA. There is no certainty or promise that the Performance Target will be achieved. The MSCI UK Monthly Property Index is a representative Index of directly held UK property investments. The FTSE EPRA Nareit Developed Net Total Return Index is a representative index of property related companies listed on global developed stock markets. SONIA is the Sterling Overnight Index Average and is the representative rate for the return on cash deposits. The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in. |
The SL abrdn Global Real Estate 2 Life Fund invests primarily in the abrdn Global Real Estate Fund. The aim of the abrdn Global Real Estate Fund is summarised below. The fund aims to generate income and some growth over the long term (5 years or more) by investing in global commercial property markets. In view of the fund not being managed with reference to a benchmark and no relevant benchmark for both global direct and listed property that can be utilised, performance should be assessed against the fund’s investment objective of generating income and some growth by investing in global commercial property markets. The fund invests at least 80% in global commercial property and property-related equities (company shares). The fund will target an allocation of 45% investment in direct property; 45% investment in listed property shares and 10% money market instruments (including cash) which may vary as a result of factors such as investor subscriptions and redemptions and/ or market conditions that could result in a rise or fall of property valuations, both direct and listed. Investment in global property related equities (including Emerging Markets) is achieved through investment in listed closed ended REITs and listed companies engaged in real estate and real estate related activities. The fund may also invest in other funds (including those managed by abrdn), short term government bonds, money market instruments and cash. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in. |