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Aberdeen blocks Euro tech fund dividend

Aberdeen Asset Management has been forced to stop the dividend on its European Technology & Income Trust, after the fund’s value was decimated to just £14m.

The fund, which was launched just a month before the global technology crash last February, has seen around lost around £386m of the £400m invested.

As a result of the news, Aberdeen’s share price plummeted 10 per cent yesterday, seeing £86m wiped off the value of the company.

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