Picture of Aberdeen logo

ABDN — Aberdeen News Story

0.000.00%
gb flag iconLast trade - 00:00
FinancialsBalancedLarge CapTurnaround

British asset manager Aberdeen posts bigger first-half outflows

British asset manager Aberdeen posts bigger first-half outflows

- British asset manager Aberdeen Group ABDN.L posted net outflows of £3 billion ($4 billion) in the first half of the year, a period when analysts had expected £800 million of inflows.

The net outflows were much deeper than the £900 million reported for the same period the prior year.

Assets under management were £579.4 billion and adjusted operating profit came in at £151 million - up 21% - with both figures narrowly beating forecasts.

($1 = 0.7519 pounds)


(Reporting by Iain Withers; Editing by Andrew Heavens)

((iain.withers@tr.com))

Recent news on Aberdeen

See all news