Aberdeen's assets grow 2.5% in Q2

Aberdeen Asset Management has seen its asset base grow by 2.5% to £185.8bn as outflows slowed.

According to its results for the nine months to 30 June, inflows into the group's global equities and global emerging market funds helped offset redemptions, leading to neutral net flows for the period. Aberdeen attracted a net £2.6bn into equities in the last quarter, also buoyed by an increase in sales of £200m into its US equity funds. Martin Gilbert, chief executive of Aberdeen, said the group has made good progress over the last quarter despite being faced with volatile market conditions. Flows into higher margin products have more than offset redemptions in terms of revenue e...