Aberdeen CEO Martin Gilbert has raised the prospect of closing the group's Asia Pacific equity funds in the near future after admitting it "cannot cope" with soaring inflows.
The group revealed this morning in its interim results that the Asia Pacific equity segment - home to funds such as the £2.6bn Asia Pacific fund run by Hugh Young (pictured) - has seen £3bn in net new...
Effective as of 1 November
In this week's inflation print, the UK hit a highpoint. According to the Office for National Statistics, the UK's CPI rate hit 3% - a level not seen in more than 5 years. And it's not just the UK - globally inflation has been creeping up.
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