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Net Outflows for Aberdeen Asset Management Hit £10.5 Billion

Net Outflows for Aberdeen Asset Management Hit £10.5 Billion

Aberdeen Asset Management reported a net outflow of £10.5 billion. This is Aberdeen 15th consecutive quarter of net outflows, bringing total withdrawals from Aberdeen to more than £100 billion ever since clients began pulling money four years ago.

“This is Aberdeen 15th consecutive quarter of net outflows.”

~ Financial Times

The redemptions have been due to the investor uncertainty after the US presidential election. Aberdeen has said that the majority of the outflows were from lower margin products and had been largely anticipated. It is anticipating another £2.4 billion pounds to be withdrawn from lower margin portfolios this quarter.

Related Reports: Reuters, Financial Times

 

About Aberdeen Asset Management

Aberdeen Asset Management is a full-service, pure-play asset management group, focused on meeting the worldwide investment needs of institutions, private investors and the advisers who serve them. Formed in 1983, we operate in 25 countries, managing assets of £302.7 billion as at 31 December 2016. Listed on the London Stock Exchange since 1991, we are one of Europe’s largest public, pure-play investment managers. We manage investment across the full spectrum of asset classes and geographic markets – including equities, fixed income, property and alternative assets. Based in or close to the markets in which we invest, we are dedicated to first-hand research to deliver the investment returns that enable our clients to achieve their financial goals.
Visit: Aberdeen Asset Management

 


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