Aberdeen suffers £3bn fixed income outflow in 2010

Aberdeen Asset Management has continued to suffer strong redemptions from its fixed income operations in 2010, more than offsetting positive equity and property flows.

Fixed income net outflows at the group hit £3.02bn for the first two months of the year, following the £3.57bn net redemption over the final quarter of 2009. It has led the group to a £1bn total net outflow for the first two months of the year and a £3.6bn net redemption over the five months from 30 September 2009. Aberdeen's property and equity operations have seen strong inflows over the first two months of 2010 however, posting net flows of £1.34bn and £1.32bn respectively. Total assets under management at end February was £161.4bn, a 10.4% increase over the five month period. T...