Aberdeen Asset Management continued to see outflows in the final quarter of the year, reaching £11.2 billion as of 31 December 2013.
While the outflows were slightly less than in the previous quarter, £2 billion less, the net outflow actually increased from £3.6 billion to £4.4 billion. In addition, assets under management (AuM) fell from £200.4 billion to £193.6 billion this quarter.
Go deeper with GlobalData
Martin Gilbert, chief executive, said: "Business flows reflected the continuing negative sentiment towards Asian and emerging markets generally, particularly later in the quarter."
He added: "However, we believe the fundamental attractions of the Asian and developing economies and companies that we invest in are compelling."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
