Investors strip £5.4bn from Aberdeen fixed income in Q4

Aberdeen Asset Management suffered £7.6bn in redemptions during the final quarter of 2008, as invest...

Aberdeen Asset Management suffered £7.6bn in redemptions during the final quarter of 2008, as investors stripped nearly £5.4bn from its fixed income range. The firm's total assets under management fell just 0.8% to £110.2bn over the three months, after posting gross new business wins of £2.6bn. Property was Aberdeen's best asset class in net flows at £464m, while equities pushed into a net inflow of £42m. The US was the worst region for net flows in the quarter, nearly £2bn in outflow; while the UK also struggled, with over £1.08bn of outflows. Aberdeen says it sees no end to volati...