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 It is anticipating another £2.4 billion pounds to be withdrawn from lower margin portfolios this quarter.
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