In gross terms, new business for the quarter to the end of June totalled £10.9bn, compared to £11.2bn for the same quarter last year. This contributed to the £33.9bn brought in during the first nine months of its financial year so far, down slightly when compared to £36.3bn for the same period last year. Total assets under management are £185.8bn.
There is a further £1.5bn of new mandate wins that is yet to hit their books.
Martin Gilbert, chief executive of Aberdeen, said: “Flows into higher margin products have more than offset redemptions in terms of revenue ensuring profit, cashflow and margins remain strong.
"The investment environment is likely to be turbulent for at least the next few months. However, market volatility also creates opportunities particularly for long-term investors with a fundamental approach like Aberdeen."
On the other side of the investment fence, Gilbert added that redemptions have slowed further with net new business for the quarter at £0.7bn (£0.3bn in 2010). For the extended nine-month period, net flows for the nine months to June 2011 are flat, against £0.4bn in 2010.
Aberdeen AM’s equity funds saw the greatest inflows, with £2.6bn of inflows and a further £1.5bn thanks to positive market and FX performance. Property was another net winner in the quarter, up £0.4bn with the same again thanks to strong market and FX conditions.
