Fresh plunges in the value of emerging market currencies have send equities sharply lower this morning, with an analyst downgrade adding to the pain for EM-focused Aberdeen.
Analysts at Canaccord Genuity have raised their price target for Aberdeen Asset Management by more than 10% following its deal to buy Scottish Widows Investment Partnership (SWIP).
Aberdeen chief executive Martin Gilbert has netted £8.6m from the sale of 1.78m shares in the firm, according to a regulatory filing.
Despite the slowdown in Asian growth this year, the banking sector remains in rude health, according to Aberdeen Asset Management's Hugh Young.
Fund groups are facing a fresh headwind to their expansion attempts as global private banks' buy lists shrink post-RDR.
Seven of the UK's largest asset managers are teaming up to gather information on end investors' needs in a move which could trigger changes to their fund ranges.