Aberdeen Asset Management has reported a 2.6% rise in assets under management in the three months to 31 December to £183.3bn.
The fund manager secured £12.3bn of new business over the period, although net new business fell by £800m.
Martin Gilbert, chief executive of Aberdeen, said: “It has been a solid quarter for Aberdeen and we are pleased with the progress made. Flows, particularly into our pooled vehicles, continue to boost revenues. 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. Equities in particular have posted robust returns, while our fixed income teams have strongly outperformed industry benchmarks, further stimulating investor interest.”
james.buckley@estatesgazette.com
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