Aberdeen saw net outflows of £9.1bn over the final quarter of 2015, as it continued to contend with a slowdown in emerging markets and commodities, and withdrawals by sovereign wealth funds.
Net outflows were down from £12.7bn in the previous quarter; gross outflows totalled £20bn, while gross inflows reached £10.9bn, up from £9.5bn in Q3. The firm said outflows were primarily due to withdrawals by sovereign wealth funds, with Asia and emerging markets suffering from weak investor sentiment, while global funds also saw outflows. Equities saw net outflows of £6.3bn, as sentiment toward Asia and emerging markets remained weak, while Aberdeen solutions saw a net outflow of £3.3bn. Martin Gilbert (pictured), chief executive, said: "To be realistic I do not think the fortun...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
