Assets dip at Aberdeen but inflows jump

first_img Share Monday 28 March 2011 8:15 pm KCS-content Tags: NULL FUND manager Aberdeen Asset Management said sales of equity funds more than offset outflows from other asset classes in the first two months of 2011, bringing net inflows to £200m .At 28 February, Aberdeen had total assets under management (AUM) of £176.2bn, down four per cent on the same period last year due to falling markets and negative currency effects.During the first two months of 2011, £1bn of new money had flowed into Aberdeen’s equity funds, more than offsetting £800m pounds of outflows from fixed income, alternative investments, property and money markets.Chief executive Martin Gilbert said the net inflows were encouraging and the “outlook for organic growth of assets under management remained favourable”.Aberdeen noted equity pooled funds generated “significantly higher revenue margins than the outflows.” The company also expected to see further fixed-income inflows later this year. whatsapp Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Assets dip at Aberdeen but inflows jump last_img

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