1st May 2025 06:58
Aberdeen Group PLC - Edinburgh-based asset manager - Assets under management decline by 2.2% to GBP500.1 billion as of March 31 from GBP511.4 billion on December 31, as Aberdeen suffers GBP5.2 billion in net outflows in the first quarter, compared to GBP800 million in net inflows a year before. The outflows are concentrated in Institutional & Retail Wealth at GBP4.1 billion, while the Insurance Partners area has GBP2.3 billion in net outflows. Aberdeen says a previously disclosed GBP4.2 billion redemption of a low-margin investment mandate was the main cause of the net outflows. They are partly offset by GBP1.6 billion in net inflows for the interactive investor retail platform. Read More
