Assets under management plunge 12.5% to £283.7bn as investors grow nervous about China and other emerging marketsAberdeen Asset Management’s funds under management fell by more than £40bn last year as clients grew nervous about shares in China and other emerging markets that the fund manager had built its reputation on.
At the discontinuance of September, Aberdeen’s assets under management were £283.7bn compared with £324.4bn a year earlier – a plunge of 12.5%. Net outflows were £33.9bn and equivalent withdrawals from fairness funds increased to £16.4bn from £13bn the year before. Related: Aberdeen Asset Management shares hit by emerging market fears Continue reading...
Source: theguardian.com