British asset manager Aberdeen posts bigger first-half outflows
British asset manager Aberdeen posts bigger first-half outflows LONDON, July 29 (Reuters) - 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)
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