Aberdeen sees risk appetite increase in first half

Fund manager Aberdeen Asset Management has reported a solid rise in revenue and profit in its first half which it says was down to a return of investor appetite for risk assets in 2012 and an ongoing desire for yield.

Fund manager Aberdeen Asset Management has reported a solid rise in revenue and profit in its first half which it says was down to a return of investor appetite for risk assets in 2012 and an ongoing desire for yield.

Revenue increased by 7% in the six months to March 31st, from £385.9m to £413.1m. Meanwhile, assets under management (AuM) at the period end was £184.7bn, up from £181.2bn at the end of March 2011.

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