Monday, 28 July 2014

Aberdeen Asset Management IMS


A global investment management group, managing assets for both institutional and retail clients from offices around the world. I have a holding in my income portfolio (epic code: ADN).

 


Aberdeen Asset Management issued their third quarter IMS today and Assets under Management declined by 0.6% from 31 March 2014 to 30 June 2014 to £322.5bn.

New business flows for the quarter were affected by the withdrawal by a single client of approximately £4bn of low margin AuM from their Asia Pacific and global equities strategies during the quarter.

Management state that they have continued to win new mandates which will be funded by clients in future periods, with over £2bn of mandates awarded but not funded at 30 June.

                 

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