Aberdeen sees AUM fall despite rising inflows

Aberdeen Asset Management has stemmed outflows substantially in the last five months following increasing interest in its global and emerging market equity funds.

The group, delivering its pre-close trading update, says net outflows have narrowed to £600m in the five months to the end of February. The figure is a vast improvement on last year when £3.6bn exited the business over the same period. The drop in outflows follows a positive start to the year. The group says it saw net inflows of £200m in the two months to the end of February. Aberdeen says the vast majority of new cash flooded into equity pooled funds. Gross new business also climbed to £19.1bn, from £16.1bn last year. In total, assets under management are down from £183.3bn at...