Global Emerging Markets

EMERGING MARKETS

Aberdeen Asset Management has seen net outflows of £1.2bn in the two months to 31 August, pushing AUM down 4% over the period.

EMs

The Investment Management Association (IMA) has unveiled the results of its review into the fixed income sectors, including the creation of a new GEM Bond category.

Martin Gilbert, chief executive of Aberdeen Asset Management, said there are currently no capacity constraints on the group's Asia Pacific funds, despite previously suggesting they will soon be soft-closed.

A number of global emerging market fund managers have been cutting exposure to the defensive consumer staples sector, as fund buyers warn their positioning has damaged performance.

Aberdeen Asset Management shares have jumped as the group reported net inflows of £3.5bn in the first two months of 2013.

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

Strong inflows into Aberdeen Asset Management's emerging market debt and equity ranges have helped produce a 3% rise in the group's AUM in the three months to 31 December 2012.

Standard Life Investments has become the latest big player to enter the emerging market income space, launching a GEM Income fund for analyst Mark Vincent.