Aberdeen reports £300m inflows
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Aberdeen Asset Management has announced net inflows of £300m in the last quarter, with assets managed falling from £170.9 billion to £164.7 billion
The group gained assets in equities but lost them in fixed income for the third successive quarter, although the rate of decline has slowed.
The group says investors remain interested in its “specialist fixed income capabilities” such as Asia Pacific and emerging markets, the only two areas of fixed income to show inflows for the period.
Aberdeen Asset Management chief executive Martin Gilbert says: “We have seen healthy new business wins and slowing redemptions, resulting in net inflows for the period. Of particular note is the increase in net inflows to our pooled funds. This success is due to the diversified nature of our business, both in terms of asset class and our global client base, as well as our consistent and disciplined investment processes.”
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