Are reports of the AT1 sector’s ‘death’ exaggerated?

Are reports of the AT1 sector’s ‘death’ exaggerated?
Deal reported to be priced at around £250m.
There is no doubt we tend to highlight the negatives and overlook the positives.
To better reflect the strategy’s total return objective.
Liquidations are part of its plan to merge or close over 100 strategies.
Trust hit hard by the country’s zero-Covid policy and tensions over Taiwan.
Top performers and compelling newcomers in the spotlight.
Investors should not count out active management despite Hargreaves Lansdown’s analysis being ‘a bit damning’ for active funds.
A sense of optimism surrounds the country’s prospects as it reopens.
The announcement is part of plans to close or combine over 100 strategies.
Part of the Mark Allen Group.