Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Aberdeen sees further outflows as investors shun GEMs

Aberdeen sees further outflows as investors shun GEMs

Aberdeen Asset Management saw further outflows in the fourth quarter as investor sentiment towards emerging markets remained weak.

The group saw outflows of £11.2 billion in Q4, down from £13.2 billion in the third quarter, although net outflows were slightly higher at £4.4 billion versus £3.6 billion. Gross inflows were also weaker at £6.8 billion compared to £9.6 billion in the previous three months.

Total assets under management fell from £200.4 billion to £193.6 billion quarter-on-quarter.

On a brighter note, Aberdeen reported that its blended fee rate continues to improve and is now 51.3bps up from 50bps over the first nine months of the year.

The group also pointed to ‘encouraging flows into emerging market bonds, high yield and property strategies’.

Chief executive Martin Gilbert (pictured) told the stock market: ‘Business flows reflected the continuing negative sentiment towards Asian and emerging markets generally, particularly later in the quarter.

‘However, we believe the fundamental attractions of the Asian and developing economies and companies that we invest in are compelling. We remain committed to our rigorous investment process and are confident that we will sustain our record of long term outperformance.’

The group added that its application for regulatory approval of its acquisition of Swip is progressing, but is not yet complete.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Commodity conundrum, beleaguered bonds and a US dilemma

Commodity conundrum, beleaguered bonds and a US dilemma

This week’s episode of Investment Pulse looks at the impact of falling commodity prices on banks, dangers of negative yield curves and whether US equities can continue to deliver.

Play Mirabaud's Pyshkin: The US will continue to grow dividends

Mirabaud's Pyshkin: The US will continue to grow dividends

The global equity income manager has invested half of his fund here.

Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Wealth Manager on Twitter