Aberdeen Asset sees small net outflow

published 24 September 2012

Fund manager Aberdeen Asset Management saw its assets under management (AuM) edge up in the first two months of the second half of the year.

AuM at the end of August stood at £184.3bn, up from £182.7bn at the end of June. Gross new business during July and August totalled £6.1bn, but overall the group saw a net outflow of £0.1bn.

Martin Gilbert, Chief Executive of Aberdeen, commented: "With uncertainty surrounding the global macro-economic situation our disciplined and fundamental approach to investing continues to attract flows from a wide range of clients from around the world. Our strong performance across a variety of capabilities and products means we remain well positioned to meet the needs of investors in a constantly changing environment."