Aberdeen's AuM rises as investor confidence improves
Fund manager Aberdeen Asset Management has seen investors continue to return to equity markets in 2012.
Fund manager Aberdeen Asset Management has seen investors continue to return to equity markets in 2012.
Assets under management at the end of February stood at £184.4bn, up from £173.9bn at the end of 2011. Of the £10.5bn increase, £1.4bn was accounted for by net new business, with equities products seeing net inflows of £2.5bn, compensating for net outflows in other parts of the business.
In the first five months of the Aberdeen's financial year, the group has seen net outflows of £1.4bn, compared to net outflows of £0.6bn in the corresponding period of the previous year.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The ongoing trend of new business flows into higher margin products continues to support the growth in revenues; we estimate that the net flows for the two month period to 29 February 2012 will add approximately £20m of annualised recurring fee income," the company said.
The group said that inflows to its emerging market equity funds have stayed "extremely strong" as investor confidence and risk appetite improved. Flows into global and Asia Pacific equities have also been healthy.
"Performance remains strong and our disciplined investment approach means we are well placed to continue to deliver for our investors," said Chief Executive Martin Gilbert.
The trading update was well-received by investors on Monday, with the stock trading 4.92% higher at 262.2p in afternoon trade.
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz