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Aberdeen Assets soar

Aberdeen Asset Management announced assets under management increased by 36 per cent to £21.9bn from £16.1bn between September 1999 and September 2000.

The group says the jump results from both organic growth plus the acquisitions of Murray Johnstone and Barclays Property Investment, both completed since year end 1999.

Chief executive Martin Gilbert says: "This has been a truly outstanding year in which the group has enjoyed its best ever period of organic sales growth. The purchase of Barclays Property Investment and Murray Johnstone will further boost distribution channels and enhance product offerings for the year ahead."

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