Net fund outflows increased to nearly 10bn in the quarter to June,from 6.5bn the previous three monthsAberdeen Asset Management, one of the UK’s biggest investment companies, and said emerging markets are continuing to cause it worry as expectations of higher interest rates in the US curbs investor appetite.
The firm took a further hit as institutional investors pulled out of Asia and emerging markets. Net fund outflows increased to nearly £10bn in the quarter to June,from £6.5bn the previous three months, and marking the ninth quarter of outflows from emerging markets. Total assets under management fell 7% to £307.3bn.
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Source: theguardian.com