Aberdeen Asset Management has suffered £4.8bn of outflows in the three months to the end of December, higher than analyst expectations, as poor emerging market sentiment weighed on its funds.
The £4.8bn outflows in the three months to December follows £20.4bn outflows in the 12 months to end of September which the group said is a result of the SWIP acquisition and waning demand for emerging market equities. Of the total outflows, £1.5bn can be attributed to Scottish Widows Investment Partnership (SWIP) funds, which the group acquired in May. In the three months to the end of December, outflows from Aberdeen's equities division slowed to £800m, but the fixed income arm suffered £1.3bn outflows from Aberdeen funds and £200m outflows from SWIP. The group said fixed income ...
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