Aberdeen Investments completes MFS closed-end fund asset transition of about $2 billion

Aberdeen Investments said it completed the takeover of about $2 billion in U.S. fixed income and municipal bond closed-end fund assets from MFS on July 3, 2026.

The deal consolidated assets via mergers, creating about a $1 billion municipal bond CEF and about a $0.8 billion multi-sector taxable fixed income CEF.

Aberdeen also assumed advisory contracts for two taxable investment grade CEFs in global credit and government bonds totaling about $419 million.

Jonathan Mondillo will lead the transferred assets, expanding Aberdeen’s U.S. fixed income platform, relevant to Aberdeen Government Markets Income Fund’s manager.

Aberdeen said it manages about $29 billion in closed-end funds globally, positioning the move as a scale play in the sector.