Aberdeen Asset grows 2.6%

Date: Thursday 20 Jan 2011

Aberdeen Asset Management grew assets under management by 2.6% during the last three months of 2010 during a “solid” quarter for the fund manager.

Assets rose to £183.3bn in the first quarter from £178.7bn at the end of September as the group won £12.3bn of new business during the quarter and despite outflows of £0.8bn.

“Flows, particularly into our pooled vehicles, continue to boost revenues,” chief executive Martin Gilbert said.

“Alongside this we have seen a slowing trend in redemptions in our fixed income business with an encouraging uptick in new business in this area. Investment performance remains healthy across each of our primary asset classes.”

“The group is well positioned to continue the progress achieved in 2010."

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE