Aberdeen cautiously optimistic

Aberdeen Asset Management's AUM increased 10% in the first two months of the year, with strong flows into its GEM products seemingly unstoppable.

Aberdeen cautiously optimistic

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As of 28th February, AUM stood at £212.3bn, while gross new business flows for the first two months of the year hit £9.5bn. This brings the total for the five month period to-date to £20.03bn, an increase on the same period last year during which time the total was £14.4bn.

Net inflows have been strong in the global emerging market (GEM) equity products, with the Luxembourg Sicav reaching $16.7bn (£10.9bn) and the UK Oeic £4.1bn.

Japanese and Chinese equities products as well as emerging market debt funds also saw inflows. Multi asset flows have been positive, while the firm has been awarded new mandates totalling £0.3 bn.

Net flows for the two month period to 28th February 2013 have added around £35m of annualised fee income, the group said.

Martin Gilbert, chief executive of Aberdeen Asset Management, said: "We have seen another positive period for Aberdeen with continuing investor interest in a range of our products, complemented by two infill transactions announced in February.

"Despite the strong start to the year for markets generally, economic problems remain and the investment environment is likely to be challenging for some time to come. However, we believe our fundamental approach to investing will continue to serve our clients well over the long term."

 

 

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